Improving Efficiency to Increase Competition Act

S 3569, the "Improving Efficiency to Increase Competition Act," directs the Government Accountability Office (GAO) to study how Bayh-Dole Act regulations affect federal contractors, particularly universities and research institutions. The GAO must report on issues like patent disclosure deadlines, agency response times for extensions, and whether current reporting rules hinder competitiveness or create unnecessary administrative burdens. The study will specifically examine how these requirements impact institutions of higher education and their ability to manage inventions developed under federal funding. This bill does not change existing laws but requires a formal review to identify potential improvements to the patent reporting system.