The Brazilian Congress is drafting a new industrial property law to replace the 1971 law and align with international standards like TRIPS. The new law would expand patentable subject matter to include pharmaceuticals, foods, biotechnology, and microorganisms. It would also strengthen trademark protection, introduce certification and collective marks, define unregistrable signs, and protect prior use and well-known marks without requiring use in Brazil. The changes aim to strengthen intellectual property protections in Brazil and encourage international businesses to invest.