Policy Impact Analysis - 117/HR/5796

Bill Overview

Title: Patents for Humanity Act of 2022

Description: This bill provides statutory authority for a program to award certificates that may be used to accelerate certain proceedings and applications at the U.S. Patent and Trademark Office (PTO). The program established under this bill shall be treated as the successor to the existing Patents for Humanity program. Under this bill, the PTO must hold a competition at least once every two years to award certificates to eligible entities that submit a patent application that addresses a humanitarian issue.

Sponsors: Rep. Jeffries, Hakeem S. [D-NY-8]

Target Audience

Population: People indirectly benefiting from humanitarian innovations due to accelerated patents

Estimated Size: 200000000

Reasoning

Simulated Interviews

R&D Director at a Biotechnology Firm (San Francisco, CA)

Age: 40 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 3/20

Statement of Opinion:

  • This policy might really expedite some of our pressing projects.
  • It can help us address diseases faster, which is our main goal.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 9 7
Year 5 9 7
Year 10 8 7
Year 20 7 6

University Researcher (Boston, MA)

Age: 35 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 2/20

Statement of Opinion:

  • The policy might help us push our innovations to market quicker.
  • However, there may be competitive challenges in winning these accelerations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 6
Year 10 7 6
Year 20 6 5

Startup Founder (Austin, TX)

Age: 28 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 5/20

Statement of Opinion:

  • As a startup, anything that speeds up patent approval can make or break us.
  • I hope the competition for this isn't too fierce.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 6 4
Year 10 5 4
Year 20 5 4

Non-profit Executive (Raleigh, NC)

Age: 50 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • This new policy could incentivize our partners to focus more on patentable innovations.
  • It's too soon to see how it will directly affect our operations though.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 7 6
Year 20 6 5

Patent Attorney (Seattle, WA)

Age: 60 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 6/20

Statement of Opinion:

  • The acceleration in patent proceedings might change the landscape of timelines.
  • I'm curious to see if it affects my clients positively.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 9 8
Year 5 9 8
Year 10 8 8
Year 20 7 7

CEO at a Health Tech Startup (Phoenix, AZ)

Age: 45 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 8/20

Statement of Opinion:

  • This could help us bring our devices to market quicker, which is crucial for competitiveness.
  • Funding plays a large role, so we'll see if we can leverage this program appropriately.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 7 6
Year 10 6 5
Year 20 6 5

Innovation Officer at a Large Corporation (New York, NY)

Age: 55 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 2/20

Statement of Opinion:

  • Any acceleration helps our pipeline, though it's minor relative to our overall operation.
  • It's more beneficial to smaller entities - we may leverage it selectively.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

Freelance Inventor (Chicago, IL)

Age: 30 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • Programs like these are a potential boon to inventors like me, but access and winning competitions are tough.
  • I'll definitely try to apply.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 7 5
Year 10 6 5
Year 20 5 5

Environmental Organization Director (Los Angeles, CA)

Age: 65 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 20.0 years

Commonness: 5/20

Statement of Opinion:

  • While the impact is indirect, any acceleration in eco-tech could have downstream benefits.
  • We may not apply directly but our partners might.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 8 7
Year 20 8 7

Pharmaceutical Scientist (Columbus, OH)

Age: 42 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 4/20

Statement of Opinion:

  • The policy could help prioritize critical medicines.
  • There's potential here, but I wonder about practical realizations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 7 7
Year 20 6 6

Cost Estimates

Year 1: $10000000 (Low: $8000000, High: $12000000)

Year 2: $10000000 (Low: $8000000, High: $12000000)

Year 3: $10500000 (Low: $8500000, High: $12500000)

Year 5: $11000000 (Low: $9000000, High: $13000000)

Year 10: $12000000 (Low: $10000000, High: $14000000)

Year 100: $50000000 (Low: $40000000, High: $60000000)

Key Considerations