United States: Impact Of The Budget Sequester On The USPTO
The “sequester,” a series of automatic budget cuts came into effect on March 1, 2013. Almost half of the cuts affect defense and military spending. The remaining cuts affect other parts of the federal government, including the United States Patent and Trademark Office (USPTO). The effect of the sequester on the USPTO is unknown, but it is anticipated that the cuts will not significantly impact the agency’s operations. However, in December 2012, Tony Scardino, the Chief Financial Officer of the USPTO, advised that the “USPTO has been deemed subject to sequestration, and the potential level of sequester is $242 million.” Further, “sequestration could also impact the overall condition of the national economy which could affect filings and fee collections.”
We are monitoring the issue and will provide updates should the USPTO announce cuts or changes in its operations as a result of the sequester.