Section 1. Short title
This Act may be cited as the Balancing Incentives Act of 2024.
Section 2. Requirement for patent owner to consent to the filing of petition for inter partes review or post-grant review
Title 35, United States Code, is amended—
(1) in section 312(a)—
(A) in paragraph (4), by striking; and and inserting a semicolon;
(B) in paragraph (5), by striking the period at the end and inserting; and; and
(C) by adding at the end the following:
(6) the owner of the patent consents to the filing of the petition.
(C) ; and
(2) in section 322(a)—
(A) in paragraph (4), by striking; and and inserting a semicolon; and
(B) in paragraph (5), by striking the period at the end and inserting; and; and
(C) by adding at the end the following:
(6) the owner of the patent consents to the filing of the petition.