1. Short title This Act may be cited as the Improving Efficiency to Increase Competition Act . 2. GAO study on the impact of Bayh-Dole Act regulations on contractors in the United States (a) Report required Not later than 180 days after the date of the enactment of this Act, the Comptroller General of the United States shall brief the relevant committees, with a report to follow on a mutually agreed upon date that is not later than 1 year after the date of the enactment of this Act, that reviews the implementation of chapter 18 of title 35, United States Code, (commonly referred to as the Bayh-Dole Act), specifically with regard to the requirements under that chapter and implementing regulations that a contractor under a funding agreement with the Federal Government must follow with regard to patent disclosure. The report shall include, to the extent practicable, information on the following: (1) The percentage of inventions that are not elected by contractors to retain within the time period provided following the disclosure of an invention under part 401 of title 37, Code of Federal Regulations. (2) After any automatic extension has been granted and in a case in which a contractor requests an additional extension, the number of time extensions that are granted by Federal agencies for disclosure, election, and filing and the average response time by each agency for any such extension. (3) How the reporting requirements in such chapter impact the ability of a contractor to compete with foreign competitors. (4) How the Government uses Federal reporting under such chapter by contractors and suggested improvements to ensure there is an improved public-private partnership. (5) Barriers that Federal reporting requirements create for contractors to develop inventions. (6) The time and effort institutions of higher education must use for the management and reporting required under such chapter, including— (A) input from contractors with various sizes, budgets, geographical positions, and specialties