Washington - James E. Rogan, Under Secretary of Commerce for Intellectual Property, announced that President Bush is requesting a 21.2 percent budget increase for the United States Patent and Trademark Office (USPTO) in FY 2003.
The $239 million increase over the agency's FY 2002 budget encourages innovation and reinforces confidence in the patent and trademark systems by providing the resources to improve quality and reduce turn-around time for patents and trademarks. The President's increase allows the agency to:
- Hire 950 patent examiners
- Transform trademarks to a fully electronic operation by 2004
- Implement the President's management agenda, including e-government, outsourcing, and workforce restructuring.
"The president's proposal represents the largest ever increase in funding for USPTO," said Under Secretary Rogan. It provides the agency with the equivalent of 100% of its traditional fees, plus an additional $45 million," he added.
USPTO's budget request includes a one-time surcharge of $207 million in order to meet the demands of fulfilling the agency's business plan and the president's priorities. USPTO's five-year business plan, which contains details of the agency's FY 2003 budget, will be released this week.
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