An interesting approach…. it will never pass, but its a cool idea to foster innovation, by either A the employer, or B the employee, if IP is not acted upon. Considering way less than 2% of all patents generate any revenue, the bill does make some sense. There is always the change an employee could run with something which their employer either was unable to, or chose not to.
Apart from the political aspect of this bill, the headache is in the domain of trade secrets. Thats really where the rubber hits the road, and why I would not support such a bill as it stands. If there was a way to ensure some level of trade secret protection, without involving a lengthly legal mess, the concept of use it or loose it is not such a bad idea. As it is written, I see the writing on the wall where only attorneys would win…. and it could be hugely detrimental to employers if trade secrets, or even just enough info to somewhat understand a trade secret came with the idea.