US EditionLutnick Pushes Plan for US Cut of University Patent Revenues
Commerce Secretary Lutnick urges reclaiming a share of profits from university patents funded by taxpayers, citing $60 billion federal investment in research in 2023, challenging existing patent laws.
- Commerce Secretary Howard Lutnick suggested that the U.S. government should profit from university research, claiming the taxpayer deserves half of the patents' benefits.
- In an interview with Mike Allen, Lutnick stated, "If we fund it and they invent a patent, the United States of America taxpayer should get half the benefit."
- Joe Scarborough criticized Lutnick's remarks as another example of the Trump administration engaging in socialism, which is contrary to conservative values.
- Critics are concerned about the implications of Lutnick's proposal for the relationship between government and university research funding.
22 Articles
22 Articles
Trump administration wants cut of universities’ patent revenue: Lutnick
(The Hill) - Commerce Secretary Howard Lutnick indicated the Trump administration is looking to take a cut of the revenue generated by university patents developed through federally funded research. Lutnick in an interview with Axios published Wednesday discussed taking a portion of revenue from the patents, arguing it is unfair for the government to give universities the money with no finanical return. "The scientists get the patents, the unive…
Colleges should give taxpayers a cut from funded patents, Howard Lutnick says
The Trump administration has taken a stake in chipmaker Intel and steel and mining companies, so Commerce Secretary Howard Lutnick says taxpayers should get at least half the proceeds from universities that use public support to invent products and secure patents.
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