Standing Against Property Confiscation
The BASIC Coalition is a powerful alliance dedicated to safeguarding America’s innovation ecosystem from government overreach and ensuring our continued global leadership.
Collaboration between the public and private sectors is key to America's standing as the world’s leader in innovation. Unfortunately, a new proposal from the Biden Administration poses a threat to collaboration between the government and private actors and risks stifling U.S. innovation.
Specifically, the new proposal would allow the government to “march in” and confiscate a company’s private intellectual property (IP) if that company ever received any federal funding. The misuse of march-in rights for price controls could devastate industries and diminish America’s role as the global innovation leader.
In response, the U.S. Chamber and partner organizations created the Business Alliance to Stop Innovation Confiscation (BASIC) Coalition, bringing together diverse voices from the energy, technology, manufacturing, telecommunications, semiconductor and venture capital industries who share a common belief in the ability of free enterprise to solve problems, deliver solutions, and enhance lives.
A new proposal would upend the Bayh-Dole Act and allow the federal government to “march in” and seize the private property of businesses.
Press Releases and FOIAs
- Chamber mobilizes entrepreneurs to protect U.S. innovation from government confiscationThe Chamber partners with entrepreneurs and advocates to counter threats to U.S. innovation from excessive government overreach.Read the press release
- Chamber announces former U.S. Senator Richard Burr as Co-Chair for BASIC CoalitionFormer U.S. Senator Richard Burr says proposed misuse of march-in rights contravenes principles of U.S. law, and threatens to undermine American ingenuity.Read the press release
- U.S. Chamber FOIA Requests on March-In RightsThe Chamber is requesting records relating to the Bayh-Dole Working Group and the Administration's proposed rule to exercise march-in rights.Read the FOIA request
- U.S. Chamber FOIA Requests on Use of 'AI Bill of Rights' in Federal ProcurementThe Chamber's request seeking detailed information related to the 'Blueprint for an AI Bill of Rights' and procurement.Read the FOIA request
Entrepreneurs face high stakes amid the government’s shift on protecting intellectual property rights.
The U.S. Chamber challenges the Biden Administration's stonewalling of FOIA requests on "march-in rights" to find out how the plan to confiscate IP of businesses was made.
Latest Content
A pending proposal from the Biden administration will allow the federal government to confiscate private property of American companies.
