,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #biha  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #b1 #bjac ,mr4 
,coll9s ( ,new ,york 7= himself1 ,mr4   
,kilm]1 ,mr4 ,smi? ( ,texas1 ,ms4 ,eddie
 ,b]nice ,johnson ( ,texas1 ,mr4        
,buc%on1 & ,mr4 ,lip9ski7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,small ,bus9ess1 & 9      
addition to ! ,committee on ,sci5ce1    
,space1 & ,te*nology1 = a p]iod to be   
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to support         
innovative approa*es to te*nology       
transf]1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z !         
,te*nology & ,rese>* ,accel]at+         
,national ,security & ,future ,economic 
,resili5cy ,act ( #bjac or ! ,,transf]  
,act ( #bjac4  #b4 ,innovative approa*es
 to te*nology transf] ,section #i7;jj7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fch7;jj77 is am5d$ to read z foll[s3   

7jj7 ,innovative approa*es to te*nology 
transf]  7#a7 ,grant program  7,a7 ,9   
g5]al ,ea* ,f$]al ag5cy requir$ by      
subsection 7n7 to e/abli% an ,,/tr      
program %all c>ry out a grant program to
 support innovative approa*es to        
te*nology transf] at in/itutions ( high]
 education 7z def9$ 9 section #aja7;a7 (
 ! ,high] ,education ,act ( #aife 7#bj  
,u4,s4,c4 #ajja7;a771 nonpr(it rese>*   
in/itutions & ,f$]al laboratories 9 ord]
 to accel]ate ! comm]cialization (      
f$]ally fund$ rese>* & te*nology by     
small bus9ess conc]ns1 includ+ new      
bus9esses4  7,b7 ,aw>d+ ( grants & aw>ds
  7i7 ,9 g5]al ,ea* ,f$]al ag5cy requir$
 by subp>agraph 7,a7 to p>ticipate 9 ?is
 program1 %all aw>d1 ?r\gh a            
competitive1 m]it-bas$ process1 grants1 
9 ! am\nts li/$ 9 subp>agraph 7,c7 to   
in/itutions ( high] education1 te*nology
 transf] organizations t facilitate !   
comm]cialization ( te*nologies develop$ 
by "o or m su* in/itutions ( high]      
education1 ,f$]al laboratories1 o!r     

public & private nonpr(it entities1 &   
consortia !re(1 = initiatives t help    
id5tify high-quality1 comm]cially viable
 f$]ally fund$ rese>* & te*nologies & to
 facilitate & accel]ate _! transf] into 
! m>ketplace4  7ii7 ,use ( ,funds       
,activities support$ by grants "u ?is   
subsection may include--  7,i7 provid+  
e>ly-/age pro( ( concept fund+ =        
translational rese>*2  7,,ii7 id5tify+  
rese>* & te*nologies at recipi5t        
in/itutions t h ! pot5tial = accel]at$  
comm]cialization2  7,,iii7 te*nology    
maturation fund+ to support activities  
su* z prototype con/ruction1 exp]im5t   
analysis1 product comp>ison1 & collect+ 
p]=mance data2  7,,iv7 te*nical         
validations1 m>ket rese>*1 cl>ify+      
intellectual prop]ty rights position &  
/rategy1 & inve/igat+ comm]cial &       
bus9ess opportunities2 &  7,v7 programs 
to provide advice1 m5tor+1              
entrepr5eurial education1 project       
managem5t1 & te*nology & bus9ess        
developm5t exp]tise to innovators &     

recipi5ts ( te*nology transf] lic5ses to
 maximize comm]cialization pot5tial4    
7iii7 ,selection process & applications 
,qualify+ in/itutions seek+ a grant "u  
?is subsection %all submit an           
application to a ,f$]al ag5cy requir$ by
 subp>agraph 7,a7 to p>ticipate 9 ?is   
program at su* "t1 9 su* mann]1 &       
conta9+ su* in=mation z ! ag5cy may     
require4 ,! application %all include1 at
 a m9imum--  7,i7 a description (       
innovative approa*es to te*nology       
transf]1 te*nology developm5t1 &        
comm]cial read9ess t h ! pot5tial to    
increase or accel]ate te*nology transf] 
outcomes & c be adopt$ by o!r qualify+  
in/itutions1 or a demon/ration ( prov5  
te*nology transf] & comm]cialization    
/rategies1 or a plan to implem5t prov5  
te*nology transf] & comm]cialization    
/rategies1 t c a*ieve great]            
comm]cialization ( f$]ally fund$ rese>* 
& te*nologies ) program fund+2  7,,ii7 a
 description ( h[ ! qualify+ in/itution 
w contribute to local & regional        

economic developm5t ef=ts2 &  7,,iii7 a 
plan = su/a9ability beyond ! duration ( 
! fund+ aw>d4  7iv7 ,program ov]sight   
bo>ds  7,i7 ,9 g5]al ,successful        
proposals %all include a plan to        
assemble a ,program ,ov]sight ,bo>d1 !  
memb]s ( :i* %all h te*nical1 sci5tific1
 or bus9ess exp]tise & %all be drawn f  
indu/ry1 />t-up companies1 v5ture       
capital1 te*nical ent]prises1 f9ancial  
in/itutions1 & bus9ess developm5t       
organizations4  7,,ii7 ,program         
,ov]sight ,bo>ds responsibilities       
,program ,ov]sight ,bo>ds %all--  7aa7  
e/abli% aw>d programs = individual      
projects2  7bb7 provide rigor\s         
evaluation ( project applications2  7cc7
 det]m9e :i* projects %\ld receive      
aw>ds1 9 accordance ) guidel9es e/abli%$
 "u subp>agraph 7,c77ii72  7dd7 e/abli% 
mile/ones & associat$ aw>d am\nts =     
projects t rea* mile/ones2  7ee7 det]m9e
 :e!r aw>d$ projects are rea*+          
mile/ones2 &  7ff7 develop a process to 
reallocate out/&+ aw>d am\nts f projects

 t are n rea*+ mile/ones to o!r projects
 ) m pot5tial4  7,c7 ,grant & aw>d      
am\nts  7i7 ,grant am\nts ,ea* ,f$]al   
ag5cy requir$ by subp>agraph 7,a7 to    
c>ry out a grant program may make grants
 to a qualify+ in/itution = up to       
#a1jjj1jjj p] ye> = up to #c ye>s4  7ii7
 ,aw>d am\nts ,ea* qualify+ in/itution t
 receives a grant "u subp>agraph 7,b7   
%all provide aw>ds = individual projects
 ( n m ?an #aej1jjj1 to be provid$ 9    
phas$ am\nts1 bas$ on rea*+ ! mile/ones 
e/abli%$ by ! qualify+ in/itution's     
,program ,ov]sight ,bo>d4  7,d7         
,au?oriz$ exp5ditures = ,innovative     
,approa*es to ,te*nology ,transf] ,grant
 ,program  7i7 ,p]c5tage ,! p]c5tage ( !
 extramural budget ea* ,f$]al ag5cy     
requir$ by subsection 7n7 to e/abli% an 
,,/tr program %all exp5d on !           
,innovative ,approa*es to ,te*nology    
,transf] ,grant ,program %all be--  7,i7
 #j4je p]c5t = ea* ( fiscal ye>s #bjad &
 #bjae2 &  7,,ii7 #j4a p]c5t = ea* (    
fiscal ye>s #bjaf & #bjag4  7ii7        

,treatm5t ( exp5ditures ,any portion ( !
 extramural budget exp5d$ by a ,f$]al   
ag5cy on ! ,innovative ,approa*es to    
,te*nology ,transf] ,grant ,program %all
 apply t[>ds ! ag5cy's exp5diture       
requirem5ts "u subsection 7n74  7#b7    
,program evaluation & data collection & 
dissem9ation  7,a7 ,evaluation plan &   
data collection ,ea* ,f$]al ag5cy       
requir$ by p>agraph 7#a77;,a7 to e/abli%
 an ,innovative ,approa*es to ,te*nology
 ,transf] ,grant ,program %all develop a
 program evaluation plan & collect      
annually su* in=mation f grantees z is  
necess>y to assess ! ,program4 ,program 
evaluation plans %all require !         
collection ( data aim$ at id5tify+      
outcomes result+ f ! transf] ( te*nology
 ) assi/ance f ! ,innovative ,approa*es 
to ,te*nology ,transf] ,grant ,program1 
su* z--  7i7 specific foll[-on fund+    
id5tifi$ or obta9$1 includ+ foll[-on    
fund+ s\rces1 su* z ,f$]al s\rces or    
private s\rces2  7ii7 numb] ( projects  
:i* result 9 a lic5se to a />t-up       

company or an e/abli%$ company )        
suffici5t res\rces = effective          
comm]cialization )9 #e ye>s ( receiv+ an
 aw>d "u p>agraph 7#a72  7iii7 inv5tion 
disclosures & pat5ts2  7iv7 numb] (     
projects support$ by qualify+           
in/itutions receiv+ a grant "u p>agraph 
7#a7 t secure ,phase ,i or ,phase ,,ii  
,,sbir or ,,/tr aw>ds2  7v7 available   
in=mation on rev5ue1 sales or o!r       
measures ( products t h be5 comm]cializ$
 z a result ( projects aw>d$ "u p>agraph
 7#a72  7vi7 numb] & location ( jobs    
creat$ result+ f projects aw>d$ "u      
p>agraph 7#a72 &  7vii7 o!r data z deem$
 appropriate by a ,f$]al ag5cy requir$  
by ?is subp>agraph to develop a program 
evaluation plan4  7,b7 ,evaluative      
report to congress ,! head ( ea* ,f$]al 
ag5cy t p>ticipates 9 ! ,innovative     
,approa*es to ,te*nology ,transf] ,grant
 ,program %all submit to ! ,committee on
 ,sci5ce1 ,space1 & ,te*nology & !      
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives & ! ,committee on     

,small ,bus9ess & ,entrepr5eur%ip ( !   
,s5ate an evaluative report reg>d+ !    
activities ( ! program4 ,! report %all  
include--  7i7 a detail$ description ( !
 implem5tation ( ! program2  7ii7 a     
detail$ description ( ! grantee         
selection process2  7iii7 an acc\nt+ ( !
 funds us$ 9 ! program2 &  7iv7 a summ>y
 ( ! data collect$ "u subp>agraph 7,a74 
7,c7 ,data dissem9ation ,= ! purposes ( 
program transp>5cy & dissem9ation ( be/ 
practices1 ! ,adm9i/rator %all include  
on ! public database "u subsection      
7k77#a7 in=mation on ! ,innovative      
,approa*es to ,te*nology ,transf] ,grant
 ,program1 includ+--  7i7 ! program     
evaluation plan requir$ "u subp>agraph  
7,a72  7ii7 a li/ ( recipi5ts ( aw>ds "u
 p>agraph 7#a72 &  7iii7 in=mation on ! 
use ( grants "u p>agraph 7#a7 by        
recipi5t in/itutions4  4