• FDA drug approval [reformulation of policy and “the process” of drug approval. Currently, it takes 10 years and more than a billion dollar on average for a drug to get FDA approval. The process is proving outdated as we move towards molecular medicine and computational medicine. Currently, the only alternative: CDC authorizing drugs produced in foreign countries in an event of outbreak of epidemic.]

• Reformulation of patent laws [Currently, very inefficient; shouldn’t be so in the age of Google patent search and other information technology based tools] [reformulation of software patent laws; software patents describe what a software does rather than the code behind the functionality; that’s like “I have invented how to cook, so no one else can invent any machine for cooking without paying me fees” – not technology, but a whole process] [reformulation of biotech patent laws; laws for patenting genes – is it good or bad when you take all the factors into account?]

• Formulation of digital “Privacy” laws [that are good for all the parties involved, that balance both individual privacy and national security concerns.] [As “internet of things” develops, we have intruders in our houses as part of “smart homes” collecting information on our private lives. On the other hand, they make our lives a lot better. What privacy policies should we formulate for these and other digital intruders?]

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• Corporate Tax law reform.