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Code · BILL · 115th Congress · H.R. 5340 (Introduced in House) — To strengthen the position of the United States as the world’s leading innovator by amending title 35, United States... · Sec. 109

Sec. 109. Institutions of higher education

172 words·~1 min read·/bill/115/hr/5340/ih/section-109

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Section 123(d) of title 35, United States Code, is amended to read as follows: For purposes of this section, a micro entity shall include an applicant who certifies that— the applicant’s employer, from which the applicant obtains the majority of the applicant’s income, is an institution of higher education as defined in section 101(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1001(a) ); the applicant has assigned, granted, conveyed, or is under an obligation by contract or law, to assign, grant, or convey, a license or other ownership interest in the particular applications to such an institution of higher education; the applicant is such an institution of higher education; or the applicant is an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code that holds title to patents and patent applications on behalf of such an institution of higher education for the purpose of facilitating commercialization of the technologies of the patents and patent applications. .
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Sec. 109
Institutions of higher education
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