From the Department of Justice to the Federal Trade Commission, from the White House to the Consumer Financial Protection Bureau, from Congress to the courts, there is no shortage of opinions, laws and rules that are being scrutinized by the Trump administration.
The government is also in the process of revamping the rules governing what constitutes “intellectual-property” for the purposes of intellectual property protection.
For the first time, the White of the US Patent and Trademark Office is expected to begin drafting guidance on what the term “intangible” means.
That guidance, if adopted, could pave the way for more than $1 billion in payments from patent and trademark owners to the government for a variety of uses, including for law enforcement and public safety.
It also would allow the government to take an equity stake in an entity if it wanted to develop or develop new technologies, according to the guidance.
For now, there are no details about how the Trump Administration plans to use its new intellectual property expertise.
But in a January speech, President Donald Trump said he would consider issuing a broad set of “strong, clear and unambiguous” guidelines to make it easier for businesses to protect their intellectual property.
The rules are the latest in a series of changes the Trump White House has made since the election that have put the administration in a bind, and experts say the new rules could create a new set of regulatory headaches for businesses that want to protect and innovate.
For instance, the Trump team has also made a series in recent months of regulatory changes that may have already had an impact on the way businesses conduct business.
Trump has instructed the Department to review the impact of the new rule on the economy, and the administration is also considering a plan to require companies to submit a “trade impact statement” detailing the potential economic benefits of their business plans.
The White House, meanwhile, has been taking a much more active role in promoting the idea of intellectual-property rules.
In recent weeks, the administration has made several visits to several of the nation’s biggest universities to promote the idea, including a visit by Secretary of State Rex Tillerson to the University of Chicago.
In a speech at the University Of Chicago, Tillerson touted the new regulations as a way to help the university’s “big, powerful, innovators” “exploit their unique talents to create new technologies.”
Last week, Trump tweeted that he was “going to make a big announcement today,” which is expected on Wednesday.
“It will be one that I’ll tell you, is the beginning of a new era of intellectual growth,” Trump said.
The Trump administration also has been moving aggressively to advance the idea that intellectual property should be protected for the public good, with the White’s Office of Management and Budget releasing a white paper in October that suggested that the United States could potentially use its trade power to negotiate lower-cost trade deals that would benefit consumers.