To amend title 35, United States Code, to invest in inventors in the United States, maintain the United States as the leading innovation economy in the world, and protect the property rights of the inventors that grow the economy of the United States, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend title 35, United States Code, to invest in inventors in the United States, maintain the United States as the leading innovation economy in the world, and protect the property rights of the inventors that grow the economy of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Trade.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H90F6393EC2D44D7C858F7A420B7DDF46: 1. Short title This Act may be cited as the Promoting and Respecting Economically Vital American Innovation Leadership Act or the PREVAIL Act.
- Section H10811FC0C0FA49C8AACCA861B07AFF02: 2. Findings Congress finds the following: The patent property rights enshrined in the Constitution of the United States provide the foundation for the...
- Section HCDA3442724E9494FAD8E745CFF2DEA50: 3. Patent trial and appeal board Section 6 of title 35, United States Code, is amended— by redesignating subsections (b), (c), and (d) as subsections (c), (d),...
- Section H9C406DA60A0F4A04919B9F5DF298BD10: 4. Inter partes review Section 311 of title 35, United States Code, is amended by adding at the end the following: (d)Persons that may petition(1)DefinitionIn...
- Section HB4439B5D3D2C48E6A5C30410D66D67B6: 5. Post-grant review Section 321 of title 35, United States Code, is amended by adding at the end the following: (d)Real party in interestFor purposes of this...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend title 35, United States Code, to invest in inventors in the United States, maintain the United States as the leading innovation economy in the world, and protect the property rights of the inventors that grow the economy of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Technology, Trade
Primary Purpose
This bill, To amend title 35, United States Code, to invest in inventors in the United States, maintain the United States as the leading innovation economy in the world, and protect the property rights of the inventors that grow the economy of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Ken Buck
R-CO | Primary Sponsor
Legislative Progress
IntroducedMr. Buck (for himself and Ms. Ross) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
- "the_commission"
- → The commission identified in the operative section
- "administrator_of_sba"
- → Administrator of the Small Business Administration
Key Definitions
Terms defined in this bill
the United States Patent and Trademark Office Innovation Promotion Fund established under paragraph (2)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology