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Standard Summary
Comprehensive overview in 1-2 paragraphs
Requires federal employees and advisory committee members to report royalties from government-related inventions.
Key Points
- 1Mandates royalty reporting for executive branch employees and advisory committee members
- 2Includes public disclosure of royalties received by federal employees
- 3Requires conflict of interest reviews to consider royalty payments
- 4Applies to inventions developed during government employment
- 5Covers royalties under Federal Technology Transfer Act
- 6Sunset provision after 5 years for advisory committee requirements
Impact Areas
Federal employeesTechnology transferConflict of interestAdvisory committeesTransparencyIntellectual property
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