Summary: H.R.6427 — 109th Congress (2005-2006)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (12/09/2006)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Increases to 15% (currently 5%) of a government-owned contractor-operated facility's annual budget, for facilities with annual budgets of less than $40 million, the amount of money from royalties or income earned during any fiscal year from a patent for a subject invention under a funding agreement that a nonprofit organization can keep for scientific research, development, and education consistent with the research and development mission and objectives of the facility.