No CRS summary available for this bill.
This section revises section 337 of the Tariff Act of 1930 to require that licensing investments qualify a domestic industry only when they lead to adoption and development of articles incorporating the protected patent, copyright, trademark, mask work, or design for sale in the United States. It bars reliance on licensee activities unless the licensee joins the complaint. It directs the Commission to identify dispositive issues for expedited fact-finding and an initial determination within 100 days, staying the investigation. It expands public interest reviews for terminations, exclusions, and cease-and-desist orders to weigh effects on production of like articles by the complainant and its licensees.
This section requires complainants in International Trade Commission patent infringement proceedings to disclose the identity, address, place of incorporation, and principal place of business of any third-party funder, and to provide related funding agreements for inspection. Disclosures must occur no later than 10 days after the funding relationship is established or process is served, with timely corrections required thereafter. The Commission must impose sanctions for noncompliance. A third-party funder is defined as an entity providing value in exchange for a contingent financial interest or holding an equity stake of at least 5 percent. The requirements apply to complaints filed on or after the date of enactment.