The IPWatchdog blog reports that Senator Jon Kyl (R-AZ), a member of the Super Committee of Congress tasked with finding nearly $1.2 billion in revenue or savings, is proposing the creation of a revolving fund that would give the U.S. Patent and Trademark Office more control over its budget and fees.

Article excerpt: "Without predictable funding, the Congressionally mandated reforms of the AIA will likely turn out like the agency’s 'fast track' and Detroit office initiatives: announced, planned, but then delayed by the lack of one essential element – money. Indeed, without predictable funding, the reforms mandated by the AIA will likely result in a greater patent backlog, significant additional delay in finalizing the value of disputed patents, and a confused and discouraged agency workforce, all of which will significantly delay the recovery of our national innovation-based economy."

Read full article on IPWatchdog.com