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S. Rept. 115-435 1 (2018-12-19)

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                   115TH CONGRESS                                    REPORT
                     2d Session  JSENATE                             115-435





                   SMALL   BUSINESS   INNOVATION PROTECTION ACT OF 2017


                                 DECEMBER 19, 2018.-Ordered to be printed


                        Mr. RISCH, from the Committee on Small Business and
                              Entrepreneurship, submitted the following

                                         REPORT

                                         [To accompany S. 791]
                            [Including cost estimate of the Congressional Budget Office]
                    The  Committee  on  Small Business  and Entrepreneurship, to
                  which  was referred the bill (S. 791) to amend the Small Business
                  Act  to expand  intellectual property education and training for
                  small businesses, and for other purposes, having considered the
                  same,  reports favorably thereon without  amendment   and  rec-
                  ommends   that the bill do pass.
                                          I. INTRODUCTION
                    Small Business Innovation Protection Act of 2017, (S. 791), was
                  introduced by Senator  Gary C. Peters, for himself, and Senator
                  James  E. Risch, the Committee's Chairman, on March 30, 2017.
                    This bill provides for in-person and online training and resources
                  for small businesses related to domestic and international protec-
                  tion of intellectual property through Small Business Development
                  Centers  (SBDCs)  and  the U.S.  Patent and  Trademark   Office
                  (USPTO).
                    During  the markup  of the bill, the bill was approved unani-
                  mously by a roll call vote as part of a manager's package.
                            II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
                    America's intellectual property-intensive industries employ near-
                  ly 19 million workers at all education and skill levels and represent
                  forty percent of the country's economic growth. The value of U.S.
                  intellectual property is estimated at over $5 trillion, and sixty per-
                  cent of U.S. exports come from intellectual property-intensive in-
                  dustries. Patent protection helps innovators recoup the cost of re-
                  search and development, capitalize on their inventions, create jobs,
                  and  grow the economy. In 2012, Detroit became home to the first-
                      89-010

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