,i #aacth ,,congress #ast ,session ,h4 ,r4 #cid ,,in ,,the ,,house ,,of ,,representatives ,january #bc1 #bjac ,mr4 ,honda introduced the following bill2 which was referred to the ,committee on ,science1 ,space1 and ,technology1 and in addition to the ,committees on ,energy and ,commerce1 ,ways and ,means1 and ,homeland ,security1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to ensure the development and responsible stewardship of nanotechnology4 #a4 ,short title ,this ,act may be cited as the ,nanotechnology ,advancement and ,new ,opportunities ,act4 ,i ,investment in ,nanotechnology ,industry #aja4 ,nanomanufacturing ,investment ,partnership 7a7 ,establishment ,if #ajj1jjj1jjj is made available for such purposes from the private sector within #b years after the date of enactment of this ,act1 the ,secretary of ,commerce shall establish the ,nanomanufacturing ,investment ,partnership1 in partnership with such private sector investors4 7b7 ,purpose ,the ,nanomanufacturing ,investment ,partnership shall provide funding for precommercial nanomanufacturing research and development projects1 but not for basic research projects1 through funding mechanisms described in subsection 7c7 in a manner so as to advance the commercialization of nanomanufacturing technologies to address critical scientific and engineering needs of national importance1 especially with respect to projects that would not be adequately funded or pursued by the private sector or pursuant to the #bast ,century ,nanotechnology ,research and ,development ,act or other law1 and to increase the commercial application of federally supported research results4 ,to the extent that a sufficient number of viable applications have been submitted1 at least #he percent of the funding provided by the ,nanomanufacturing ,investment ,partnership under this section shall be provided to startup companies4 7c7 ,funding mechanisms ,the ,nanomanufacturing ,investment ,partnership may provide funding through direct investment in nanomanufacturing firms1 contracts1 loans or loan guarantees1 unsecured subordinated debt1 or any other mechanism designed to advance nanomanufacturing technologies4 7d7 ,return on investment 7#a7 ,requirement ,each transaction through which the ,nanomanufacturing ,investment ,partnership provides funding under subsection 7c7 shall provide for the return to the ,nanomanufacturing ,investment ,partnership of fair and reasonable amounts resulting from the commercialization of technologies developed with the funding provided by the ,nanomanufacturing ,investment ,partnership4 7#b7 ,distribution ,amounts received by the ,nanomanufacturing ,investment ,partnership pursuant to paragraph 7#a7 shall be distributed as follows3 7,a7 ,except as provided in subparagraph 7,b71 amounts shall be distributed to all investors in the ,nanomanufacturing ,investment ,partnership1 including the ,federal ,government1 in proportion to their monetary contribution to the ,nanomanufacturing ,investment ,partnership4 7,b7 ,after the total monetary investment of the ,federal ,government has been recovered under subparagraph 7,a71 the ,federal share of distributions under this paragraph shall be reduced to #g percent of the proportional distribution under subparagraph 7,a71 and the remaining amounts shall be distributed proportionately to all non-,federal investors4 7e7 ,cost sharing ,each applicant for funding assistance from the ,nanomanufacturing ,investment ,partnership for a project shall be required to provide a portion of the cost of the project4 7f7 ,administration ,the ,secretary of ,commerce1 based on guidance from the ,advisory ,board established under subsection 7i71 shall make awards of funding under this section4 ,the ,advisory ,board may obtain additional peer review in preparing guidance for the ,secretary under this subsection4 7g7 ,progress reports ,the ,nanomanufacturing ,investment ,partnership shall require periodic project progress reports from recipients of funding under this section4 7h7 ,advisory board 7#a7 ,establishment ,the ,secretary of ,commerce shall establish an ,advisory ,board to assist the ,secretary in carrying out this section1 including by establishing requirements for progress reports under subsection 7g74 ,the ,advisory ,board shall consist of-- 7,a7 representatives of each investor providing more than #aj1jjj1jjj to the ,nanomanufacturing ,investment ,partnership1 whose votes shall-- 7i7 be distributed proportional to the size of their investment in the ,nanomanufacturing ,investment ,partnership2 and 7ii7 collectively amount to #dj percent of the votes on the ,advisory ,board2 and 7,b7 independent experts on nanomanufacturing and finance appointed by the ,president from among representatives of government1 industry1 and academia1 whose votes shall collectively amount to #fj percent of the votes on the ,advisory ,board4 7#b7 ,terms ,members of the ,advisory ,board appointed under paragraph 7#a77;,a7 shall be appointed for #c-year terms1 except that the ,president shall make some initial appointments for terms of #a year and some for terms of #b years1 in order to ensure continuity of membership on the ,advisory ,board4 7i7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,commerce for the ,nanomanufacturing ,investment ,partnership #cjj1jjj1jjj1 to remain available until expended4 #ajb4 ,tax credit for investment in nanotechnology firms 7a7 ,in ,general ,part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf 7relating to credits against tax7 is amended by adding at the end the following new subpart3 ,j ,nanotechnology ,development ,credit #ed;,i4 ,credit for purchase of nanotechnology developer stock 7a7 ,allowance of ,credit 7#a7 ,in general ,there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the applicable percentage of the aggregate amount paid by the taxpayer for the purchase of qualified nanotechnology developer stock4 7#b7 ,applicable percentage ,for purposes of subsection 7a71 the applicable percentage is-- 7,a7 #e4be percent for the taxable year in which the qualified nanotechnology developer stock is purchased1 7,b7 #c4ge percent for the taxable year following the year in which such stock is purchased1 7,c7 #c percent for the second taxable year following the year in which such stock is purchased1 7,d7 #a4e percent for the third taxable year following the year in which such stock is purchased1 7,e7 #a4e percent for fourth taxable year following the year in which such stock is purchased1 and 7,f7 #j percent for any taxable year after the fourth taxable year following the year in which such stock is purchased4 7b7 ,limitations 7#a7 ,amount of investment eligible ,no credit shall be allowed under subsection 7a7 with respect to amounts paid in any taxable year for the purchase of qualified nanotechnology developer stock which is in excess of #aj1jjj1jjj4 7#b7 ,application with other credits ,the credit allowed under subsection 7a7 for any taxable year shall not exceed the excess of-- 7,a7 the regular tax for the taxable year reduced by the sum of the credits allowable under this part 7other than subpart ,c thereof71 over 7,b7 the tentative minimum tax for the taxable year4 7c7 ,qualified ,nanotechnology ,developer ,stock ,for purposes of this section-- 7#a7 ,in general ,the term qualified nanotechnology developer stock means any common stock in a ,c corporation or any membership unit in a ,state-registered limited liability company if-- 7,a7 as of the date of issuance of such stock or membership unit1 such corporation or company is a qualified nanotechnology developer1 7,b7 such stock is acquired by the taxpayer at its original issue 7directly or through an underwriter7 in exchange for money or other property 7not including stock71 and 7,c7 the proceeds of such issue are used by such issuer during the #e-year period beginning on the date of issuance for the development1 production1 or sale of products using nanotechnology4 7#b7 ,qualified nanotechnology developer ,the term qualified nanotechnology developer means any entity-- 7,a7 which is a ,c corporation or limited liability company organized under the laws of any ,state or of the ,united ,states1 7,b7 which is a small business concern 7as defined in section #c7;a7 of the ,small ,business ,act71 and 7,c7 with respect to which a certification under subsection 7d7 is in effect4 7#c7 ,nanotechnology ,the term nanotechnology means the science of understanding and manipulating matter on an atomic or molecular scale1 generally to create structures1 and usually at a size smaller than #ajj nanometers4 7d7 ,certification 7#a7 ,in general ,the ,secretary1 in consultation with the ,national ,nanotechnology ,coordination ,office1 shall certify an entity under this subsection if such entity demonstrates by the submission of such information as required by the ,secretary that not less than #ea percent of its activities relate to the development1 production1 and sale of products using nanotechnology4 7#b7 ,revocation ,the ,secretary shall revoke the certification of any entity which is certified under paragraph 7#a7 if the ,secretary determines that-- 7,a7 the proceeds from any qualified nanotechnology developer stock issued by such entity are used during the #e-year period following such issue for a purpose other than the development1 production1 or sale of products using nanotechnology1 or 7,b7 such entity no longer meets the requirements of paragraph 7#a74 7#c7 ,submission of information ,the ,secretary may require any entity certified under paragraph 7#a7 to provide such information as the ,secretary may require in order ensure compliance with the purposes of this section4 7e7 ,carryover of ,unused ,credit 7#a7 ,in general ,if the credit amount allowable under subsection 7a7 for a taxable year exceeds the amount of the limitation under subsection 7h7 for such taxable year1 such excess shall be allowed as a credit carryforward for each of the #bj taxable years following the unused credit year4 7#b7 ,rules ,rules similar to the rules of section #ci shall apply with respect to the credit carryforward under paragraph 7#a74 7f7 ,recapture of ,credit ,if-- 7#a7 the taxpayer fails to hold qualified nanotechnology developer stock for the #g-year period beginning on the date such stock was purchased by the taxpayer1 or 7#b7 during such #g-year period1 the issuer of such stock ceases to be a qualified nanotechnology developer1 then notwithstanding any other provision of this subtitle1 the tax imposed by this chapter on the taxpayer for the taxable year beginning in the calendar year in which such cessation occurred shall be increased by the aggregate amount of credit allowed under subsection 7a7 to the taxpayer with respect to such stock4 7g7 ,special ,rule ,for purposes of this section1 rules similar to the rules of section #abjb7;c77#c7 shall apply4 7h7 ,basis ,adjustments ,for purposes of this subtitle1 if a credit is allowed under this section for the purchase of any stock-- 7#a7 the increase in the basis of such stock which would 7but for this subsection7 result from such purchase shall be reduced by the amount of the credit so allowed1 and 7#b7 the basis of such stock shall be increased by the amount of any increase in tax by reason of subsection 7f74 4 7b7 ,conforming ,amendment ,subsection 7a7 of section #ajaf of such ,code is amended by striking and at the end of paragraph 7#cf71 by striking the period at the end of paragraph 7#cg7 and inserting 2 and1 and by adding at the end the following new paragraph3 7#ch7 to the extent provided in section #ed;,i7h71 in the case of amounts with respect to which a credit has been allowed under section #ed;,i or a recapture imposed under section #ed;,i7f74 4 7c7 ,clerical ,amendment ,the table of subparts for part ,,iv is amended by adding at the end the following new item3 ,,subpart ,j--,,nanotechnology ,,development ,,credit 4 7d7 ,effective ,date ,the amendments made by this section shall apply to amounts paid after ,december #ca1 #bjaj4 #ajc4 ,nanotechnology assistance 7a7 ,definitions ,in this section3 7#a7 ,commercialization ,the term commercialization means the process of converting nanotechnology research into products and processes that are used in the marketplace4 7#b7 ,degree-granting institution ,the term degree-granting institution means an institution of higher education1 as defined in section #aja of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja71 that awards an associate or baccalaureate degree4 7#c7 ,incubator ,the term incubator means an entity affiliated with or housed in a degree-granting institution that provides space and coordinated and specialized services to entrepreneurial businesses that work in the field of nanotechnology commercialization and that meets selected criteria during the businesses' startup phase1 including providing services such as shared office space and services1 access to equipment1 access to telecommunications and technology services1 flexible leases1 specialized management assistance1 access to financing1 and other coordinated business or technical support services4 7#d7 ,nanotechnology ,the term nanotechnology means the science of understanding and manipulating matter on an atomic or molecular scale1 generally to create structures1 and usually at a size smaller than #ajj nanometers4 7#e7 ,secretary ,the term ,secretary means the ,secretary of ,commerce4 7b7 ,grants ,authorized 7#a7 ,in general ,the ,secretary is authorized to establish within the ,technology ,administration of the ,department of ,commerce a grant program to support the establishment and development of incubators4 7#b7 ,allocation of funds ,from the amount appropriated pursuant to the authorization of appropriations in subsection 7e7 for a fiscal year1 the ,secretary-- 7,a7 shall use #hj percent of such amount to-- 7i7 make awards1 on a competitive basis1 in amounts of up to #b1ejj1jjj1 to help acquire or renovate space for incubators2 and 7ii7 make awards1 on a competitive basis1 in amounts of #ej1jjj to #aej1jjj1 for-- 7,i7 developing curricula related to nanotechnology2 7,,ii7 providing services for commercialization1 including preparing providing services to appropriate businesses including corporate charters1 partnership agreements1 and basic contracts1 assistance with patents1 trademarks1 and copyrights1 and technology acquisition services2 or 7,,iii7 providing programming for entrepreneurs working in nanotechnology housed in an incubator2 7,b7 shall reserve #aj percent of the amount to make awards1 on a competitive basis1 in amounts of #ej1jjj to #aej1jjj1 for feasibility studies for determining the need for or siting of incubators2 and 7,c7 shall reserve #aj percent for research regarding best practices for incubator programs1 including the development of a benchmarking system based on uniform measures1 and for dissemination of information regarding such practices4 7#c7 ,contracts ,the ,secretary is authorized to contract with organizations with expertise in incubation practices for the purposes of carrying out paragraph 7#b77;,c74 7#d7 ,uses of funds ,funds awarded under paragraph 7#b77;,a77ii7 may be used for-- 7,a7 curriculum1 training1 or technical assistance related to nanotechnology developed by academic faculty with participation from entrepreneurship experts2 7,b7 programming that contributes to a coordinated set of business assistance tools1 such as developing management teams1 providing workforce development1 forming strategic alliances1 developing capital formation networks1 and developing customized plans for commercialization2 and 7,c7 hiring staff to coordinate the activities described in subparagraph 7,a7 or 7,b7 or for curriculum development4 7#e7 ,recipients ,the ,secretary shall make an award-- 7,a7 described in paragraph 7#b77;,a7 to a nonprofit entity that has a strong affiliation with a degree-granting institution and manages or provides technical assistance to the degree-granting institution's affiliated incubator1 or if no nonprofit entity manages or provides technical assistance to the incubator1 to the degree-granting institution managing the incubator2 and 7,b7 described in paragraph 7#b77;,b7 to a degree-granting institution4 7#f7 ,applications ,each entity desiring assistance under this section shall submit an application to the ,secretary at such time1 in such manner1 and accompanied by such information as the ,secretary may require4 7#g7 ,selection 7,a7 ,priority ,the ,secretary shall give priority to funding applications under this subsection for activities that-- 7i7 will be carried out at a facility that is included in the ,centers and ,networks of ,excellence of the research and development program known as the ,national ,nanotechnology ,initiative2 7ii7 provide strong educational opportunities to students in fields related to nanotechnology and commercialization2 and 7iii7 require significant collaboration between businesses and academia4 7,b7 ,consideration ,the ,secretary may give consideration to funding applications under this subsection that support-- 7i7 the building of new incubators2 7ii7 incubators that work with faculty entrepreneurs or university-based research2 7iii7 incubators that are located in areas with an established venture capital industry and other industry support1 including leadership and legal support1 for commercialization2 or 7iv7 incubators that have secured additional private funding4 7c7 ,nanotechnology ,startup ,advisory ,council 7#a7 ,establishment ,the ,secretary shall establish a ,nanotechnology ,startup ,advisory ,council composed of industry leaders1 business and marketing professionals1 venture capitalists1 attorneys1 and nanotechnology researchers4 7#b7 ,purpose ,the purpose of the ,nanotechnology ,startup ,advisory ,council is to ensure that emerging nanotechnology companies create a sound foundation for new business4 7d7 ,report ,not later than ,september #cj of the third fiscal year during which assistance is provided under this section1 the ,secretary shall prepare and submit to ,congress a report that-- 7#a7 describes the most effective or innovative additions to curricula related to nanotechnology that were developed with such assistance2 7#b7 contains a comparison of the success of nanotechnology companies developed in incubators that received such assistance with the success of other nanotechnology companies2 7#c7 describes any factors leading to success of companies that were developed in incubators2 7#d7 recommends the best role for degree-granting institutions in commercialization2 and 7#e7 contains a comparison of academic-affiliated incubators of specific missions and ages that received assistance under this section with other incubators with similar missions and ages4 7e7 ,authorization of ,appropriations ,there are authorized to be appropriated to carry out this section #be1jjj1jjj for each of the fiscal years #bjab1 #bjac1 and #bjad4 ,,ii ,research and ,development ,directions #bja4 ,nanoscale science and engineering center ,section #i of the #bast ,century ,nanotechnology ,research and ,development ,act 7#ae ,u4,s4,c4 #gejh7 is amended-- 7#a7 by redesignating subsection 7c7 as subsection 7d72 and 7#b7 by inserting after subsection 7b7 the following new subsection3 7c7 ,nanoscale science and engineering center 7#a7 ,establishment ,the ,national ,science ,foundation shall provide for the establishment1 on a merit reviewed and competitive basis1 of a center for the development of computer aided design tools for nanotechnology applications4 7#b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,national ,science ,foundation for carrying out this subsection #aj1jjj1jjj4 4 #bjb4 ,federal programs ,the #bast ,century ,nanotechnology ,research and ,development ,act 7#ae ,u4,s4,c4 #geja et seq47 is amended-- 7#a7 by redesignating sections #i and #aj as sections #ab and #ac1 respectively2 7#b7 in section #h1 by adding at the end the following new subsection3 7c7 ,research program 7#a7 ,establishment ,the ,secretary of ,energy shall provide for the establishment1 on a merit reviewed and competitive basis1 of a grant program for nanotechnology research to address the need for clean1 cheap1 renewable energy4 7#b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,energy for carrying out this subsection #cj1jjj1jjj for each fiscal year4 2 and 7#c7 by inserting after section #h the following new sections3 #i4 ,environmental ,protection ,agency programs 7a7 ,establishment ,the ,administrator of the ,environmental ,protection ,agency shall provide for the establishment1 on a merit reviewed and competitive basis1 of a grant program for nanotechnology research to address technologies for the remediation of pollution and other environmental protection technologies4 7b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,administrator of the ,environmental ,protection ,agency for carrying out this section #cj1jjj1jjj for each fiscal year4 #aj4 ,department of ,homeland ,security programs 7a7 ,establishment ,the ,secretary of ,homeland ,security shall provide for the establishment1 on a merit reviewed and competitive basis1 of a grant program for nanotechnology research to address the need for sensors and other materials related to homeland security needs4 7b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,homeland ,security for carrying out this section #cj1jjj1jjj for each fiscal year4 #aa4 ,department of ,health and ,human ,services programs 7a7 ,establishment ,the ,secretary of ,health and ,human ,services shall provide for the establishment1 on a merit reviewed and competitive basis1 of a grant program for nanotechnology research to address the health related applications of nanotechnology4 7b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,health and ,human ,services for carrying out this section #cj1jjj1jjj for each fiscal year4 4 ,,iii ,environmental ,nanotechnology ,applications #cja4 ,nanotechnology research strategy ,not later than #a year after the date of enactment of this ,act1 the ,director of the ,national ,nanotechnology ,coordination ,office shall1 after consultation with appropriate ,federal agencies and industry1 transmit to the ,congress a report containing a nanotechnology research strategy that establishes priorities for the ,federal ,government and industry that will ensure the development and responsible stewardship of nanotechnology4 ,the report shall include recommendations regarding the funding levels the ,director anticipates the agencies charged with implementing this research strategy will require4 ,,iv ,education #dja4 ,credit for nanotechnology education and training program expenses 7a7 ,in general ,subpart ,b of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 #cj;,e4 ,nanotechnology education and training program expenses 7a7 ,allowance of credit 7#a7 ,in general ,there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to #ej percent of nanotechnology education and training program expenses paid or incurred by the taxpayer for the benefit of-- 7,a7 in the case of a taxpayer engaged in a trade or business1 an employee of the taxpayer1 or 7,b7 in the case of a taxpayer who is an individual not so engaged1 such individual4 7#b7 ,coordination of credits ,credit shall be allowable to the employer with respect to an employee only to the extent that the employee assigns some or all of the limitation applicable to such employee under subsection 7b7 to such employer4 7b7 ,limitations 7#a7 ,in general ,the amount of expenses with respect to any individual which may be taken into account under subsection 7a7 for the taxable year shall not exceed #d1jjj4 7#b7 ,increase in credit amount for participation in certain programs and for certain individuals ,paragraph 7#a7 shall be applied by substituting #e1jjj for #d1jjj in the case of expenses-- 7,a7 with respect to a program operated-- 7i7 in an empowerment zone or enterprise community designated under part ,i of subchapter ,u or a renewal community designated under part ,i of subchapter ,x1 7ii7 in a school district in which at least #ej percent of the students attending schools in such district are eligible for free or reduced-cost lunches under the school lunch program established under the ,richard ,b4 ,russell ,national ,school ,lunch ,act1 7iii7 in an area designated as a disaster area by the ,secretary of ,agriculture under section #cba of the ,consolidated ,farm and ,rural ,development ,act or by the ,president under the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act in the taxable year or the #d preceding taxable years1 7iv7 in a rural enterprise community designated under section #gff of the ,agriculture1 ,rural ,development1 ,food and ,drug ,administration1 and ,related ,agencies ,appropriations ,act1 #aiii 7#aab ,stat4 #bfha-cg71 7v7 in an area designated by the ,secretary of ,agriculture as a ,rural ,economic ,area ,partnership ,zone1 7vi7 in an area over which an ,indian tribal government 7as defined in section #ggja7;a77#dj77 has jurisdiction1 or 7vii7 by an employer who has #bjj or fewer employees for each business day in each of #bj or more calendar weeks in the current or preceding calendar year1 or 7,b7 in the case of an individual with a disability4 7c7 ,nanotechnology education and training program expenses ,for purposes of this section-- 7#a7 ,in general ,the term nanotechnology education and training program expenses means expenses paid or incurred by reason of the participation of the taxpayer 7or any employee of the taxpayer7 in any nanotechnology education and training program4 ,such expenses shall include expenses paid in connection with-- 7,a7 course work1 7,b7 certification testing1 7,c7 programs carried out under the ,act of ,august #af1 #aicg 7#ej ,stat4 #ffd1 chapter #ffc2 #bi ,u4,s4,c4 #ej et seq47 which are registered by the ,department of ,labor1 and 7,d7 other expenses that are essential to assessing skill acquisition4 7#b7 ,nanotechnology education and training program ,the term nanotechnology education and training program means a training program in nanotechnology workplace disciplines or other skill sets which is provided in the ,united ,states by an accredited college1 university1 private career school1 postsecondary educational institution1 a commercial nanotechnology provider1 or an employer-owned nanotechnology training organization4 7#c7 ,commercial nanotechnology training provider ,the term commercial nanotechnology training provider means a private sector organization providing a nanotechnology education and training program4 7#d7 ,employer-owned nanotechnology training organization ,the term employer-owned nanotechnology training organization means a private sector organization that provides nanotechnology training to its employees using internal training development and delivery personnel4 ,the training programs must use industry-recognized training disciplines and evaluation methods1 comparable to institutional and commercial training providers4 7d7 ,denial of double benefit 7#a7 ,disallowance of other credits and deductions ,no deduction or credit shall be allowed under any other provision of this chapter for expenses taken into account in determining the credit under this section4 7#b7 ,reduction for hope and lifetime learning credits ,the amount taken into account under subsection 7a7 shall be reduced by the nanotechnology education and training program expenses taken into account in determining the credits under section #be;,a4 7e7 ,certain rules made ,applicable ,for purposes of this section1 rules similar to the rules of section #de;,a7e77#b7 and subsections 7c71 7d71 and 7e7 of section #eb shall apply4 7f7 ,application with other credits ,the credit allowed by subsection 7a7 for any taxable year shall not exceed the excess 7if any7 of-- 7#a7 the regular tax for the taxable year reduced by the sum of the credits allowable under the subpart ,a and the previous sections of this subpart1 over 7#b7 the tentative minimum tax for the taxable year4 4 7b7 ,clerical amendment ,the table of sections for subpart ,b of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 ,sec4 #cj;,e4 ,nanotechnology education and training program expenses4 4 7c7 ,effective date ,the amendments made by this section shall apply to amounts paid or incurred in taxable years beginning after ,december #ca1 #bjaj4 #djb4 ,eligible educational institution 7a7 ,in general ,section #be;,a7f77#b7 of the ,internal ,revenue ,code of #aihf 7relating to eligible educational institution7 is amended to read as follows3 7#b7 ,eligible educational institution ,the term eligible educational institution means-- 7,a7 an institution-- 7i7 which is described in section #aja7;b7 or #ajb7;a7 of the ,higher ,education ,act of #aife1 and 7ii7 which is eligible to participate in a program under title ,,iv of such ,act1 or 7,b7 a commercial nanotechnology training provider 7as defined in section #cj;,e7c77#c774 4 7b7 ,conforming amendment ,the second sentence of section #bba7;d77#b7 of the ,internal ,revenue ,code of #aihf is amended by striking section #be;,a7f77#b7 and inserting section #be;,a7f77#b77;,a74 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjaj4 #djc4 ,curriculum development program 7a7 ,establishment ,the ,national ,science ,foundation shall provide for the establishment1 on a merit reviewed and competitive basis1 of a grant program for the development of curriculum materials for interdisciplinary nanotechnology courses at institutions of higher education4 7b7 ,authorization of appropriations ,there are authorized to be appropriated to the ,national ,science ,foundation for carrying out this section #ae1jjj1jjj for each of the fiscal years #bjab through #bjae4 #djd4 ,training partnerships ,the ,national ,science ,foundation1 through its ,advanced ,technological ,education program1 shall establish a program to encourage manufacturing companies to enter into partnerships with occupational training centers for the development of training to support nanotechnology manufacturing4 ,v ,public ,outreach #eja4 ,interaction between scientists and engineers ,not later than #f months after the date of enactment of this ,act1 the ,secretary of ,energy shall transmit to the ,congress a report containing a strategy for increasing interaction on nanotechnology issues between scientists and engineers at the ,department of ,energy's ,national ,laboratories and in the informal science education community1 to enable researchers to use their expertise to assist in the development of appropriate nanotechnology exhibitions for school age children and the general public4