,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cid  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bc1 #bjac    
,mr4 ,honda introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,sci5ce1   
,space1 & ,te*nology1 & 9 addition to ! 
,committees on ,en]gy & ,comm]ce1 ,ways 
& ,means1 & ,homel& ,security1 = 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 ensure
 ! developm5t & responsible /ew>d%ip (  
nanote*nology4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,nanote*nology     
,advancem5t & ,new ,opportunities ,act4 
,i ,inve/m5t 9 ,nanote*nology ,indu/ry  
#aja4 ,nanomanufactur+ ,inve/m5t        
,p>tn]%ip  7a7 ,e/abli%m5t ,if          
#ajj1jjj1jjj is made available = su*    
purposes f ! private sector )9 #b ye>s  
aft] ! date ( enactm5t ( ?is ,act1 !    
,secret>y ( ,comm]ce %all e/abli% !     
,nanomanufactur+ ,inve/m5t ,p>tn]%ip1 9 
p>tn]%ip ) su* private sector inve/ors4 

7b7 ,purpose ,! ,nanomanufactur+        
,inve/m5t ,p>tn]%ip %all provide fund+ =
 precomm]cial nanomanufactur+ rese>* &  
developm5t projects1 b n = basic rese>* 
projects1 ?r\gh fund+ me*anisms describ$
 9 subsection 7c7 9 a mann] s z to      
advance ! comm]cialization (            
nanomanufactur+ te*nologies to address  
critical sci5tific & eng9e]+ ne$s (     
national importance1 especially )       
respect to projects t w\ld n be         
adequately fund$ or pursu$ by ! private 
sector or pursuant to ! #ba/ ,c5tury    
,nanote*nology ,rese>* & ,developm5t    
,act or o!r law1 & to increase !        
comm]cial application ( f$]ally support$
 rese>* results4 ,to ! ext5t t a        
suffici5t numb] ( viable applications h 
be5 submitt$1 at lea/ #he p]c5t ( !     
fund+ provid$ by ! ,nanomanufactur+     
,inve/m5t ,p>tn]%ip "u ?is section %all 
be provid$ to />tup companies4  7c7     
,fund+ me*anisms ,! ,nanomanufactur+    
,inve/m5t ,p>tn]%ip may provide fund+   
?r\gh direct inve/m5t 9 nanomanufactur+ 

firms1 contracts1 loans or loan         
gu>antees1 unsecur$ subord9at$ debt1 or 
any o!r me*anism design$ to advance     
nanomanufactur+ te*nologies4  7d7       
,return on inve/m5t  7#a7 ,requirem5t   
,ea* transaction ?r\gh :i* !            
,nanomanufactur+ ,inve/m5t ,p>tn]%ip    
provides fund+ "u subsection 7c7 %all   
provide = ! return to ! ,nanomanufactur+
 ,inve/m5t ,p>tn]%ip ( fair & reasonable
 am\nts result+ f ! comm]cialization (  
te*nologies develop$ ) ! fund+ provid$  
by ! ,nanomanufactur+ ,inve/m5t         
,p>tn]%ip4  7#b7 ,di/ribution ,am\nts   
receiv$ by ! ,nanomanufactur+ ,inve/m5t 
,p>tn]%ip pursuant to p>agraph 7#a7 %all
 be di/ribut$ z foll[s3  7,a7 ,except z 
provid$ 9 subp>agraph 7,b71 am\nts %all 
be di/ribut$ to all inve/ors 9 !        
,nanomanufactur+ ,inve/m5t ,p>tn]%ip1   
includ+ ! ,f$]al ,gov]nm5t1 9 proportion
 to _! monet>y contribution to !        
,nanomanufactur+ ,inve/m5t ,p>tn]%ip4   
7,b7 ,aft] ! total monet>y inve/m5t ( ! 
,f$]al ,gov]nm5t has be5 recov]$ "u     

subp>agraph 7,a71 ! ,f$]al %>e (        
di/ributions "u ?is p>agraph %all be    
r$uc$ to #g p]c5t ( ! proportional      
di/ribution "u subp>agraph 7,a71 & !    
rema9+ am\nts %all be di/ribut$         
proportionately to all non-,f$]al       
inve/ors4  7e7 ,co/ %>+ ,ea* applicant =
 fund+ assi/ance f ! ,nanomanufactur+   
,inve/m5t ,p>tn]%ip = a project %all be 
requir$ to provide a portion ( ! co/ ( !
 project4  7f7 ,adm9i/ration ,!         
,secret>y ( ,comm]ce1 bas$ on guidance f
 ! ,advisory ,bo>d e/abli%$ "u          
subsection 7i71 %all make aw>ds ( fund+ 
"u ?is section4 ,! ,advisory ,bo>d may  
obta9 additional pe] review 9 prep>+    
guidance = ! ,secret>y "u ?is           
subsection4  7g7 ,progress reports ,!   
,nanomanufactur+ ,inve/m5t ,p>tn]%ip    
%all require p]iodic project progress   
reports f recipi5ts ( fund+ "u ?is      
section4  7h7 ,advisory bo>d  7#a7      
,e/abli%m5t ,! ,secret>y ( ,comm]ce %all
 e/abli% an ,advisory ,bo>d to assi/ !  
,secret>y 9 c>ry+ out ?is section1      

includ+ by e/abli%+ requirem5ts =       
progress reports "u subsection 7g74 ,!  
,advisory ,bo>d %all consi/ (--  7,a7   
repres5tatives ( ea* inve/or provid+ m  
?an #aj1jjj1jjj to ! ,nanomanufactur+   
,inve/m5t ,p>tn]%ip1 ^: votes %all--    
7i7 be di/ribut$ proportional to ! size 
( _! inve/m5t 9 ! ,nanomanufactur+      
,inve/m5t ,p>tn]%ip2 &  7ii7            
collectively am\nt to #dj p]c5t ( !     
votes on ! ,advisory ,bo>d2 &  7,b7     
indep5d5t exp]ts on nanomanufactur+ &   
f9ance appo9t$ by ! ,presid5t f among   
repres5tatives ( gov]nm5t1 indu/ry1 &   
academia1 ^: votes %all collectively    
am\nt to #fj p]c5t ( ! votes on !       
,advisory ,bo>d4  7#b7 ,t]ms ,memb]s ( !
 ,advisory ,bo>d appo9t$ "u p>agraph    
7#a77;,a7 %all be appo9t$ = #c-ye> t]ms1
 except t ! ,presid5t %all make "s      
initial appo9tm5ts = t]ms ( #a ye> & "s 
= t]ms ( #b ye>s1 9 ord] to ensure      
cont9uity ( memb]%ip on ! ,advisory     
,bo>d4  7i7 ,au?orization (             
appropriations ,!re are au?oriz$ to be  

appropriat$ to ! ,secret>y ( ,comm]ce = 
! ,nanomanufactur+ ,inve/m5t ,p>tn]%ip  
#cjj1jjj1jjj1 to rema9 available until  
exp5d$4  #ajb4 ,tax cr$it = inve/m5t 9  
nanote*nology firms  7a7 ,9 ,g5]al ,"p  
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf 7relat+  
to cr$its aga9/ tax7 is am5d$ by add+ at
 ! end ! foll[+ new subp>t3  ,j         
,nanote*nology ,developm5t ,cr$it       
#ed;,i4 ,cr$it = pur*ase ( nanote*nology
 develop] /ock  7a7 ,all[ance ( ,cr$it  
7#a7 ,9 g5]al ,!re %all be all[$ z a    
cr$it aga9/ ! tax impos$ by ?is *apt] = 
! taxable ye> an am\nt equal to !       
applicable p]c5tage ( ! aggregate am\nt 
paid by ! taxpay] = ! pur*ase ( qualifi$
 nanote*nology develop] /ock4  7#b7     
,applicable p]c5tage ,= purposes (      
subsection 7a71 ! applicable p]c5tage   
is--  7,a7 #e4be p]c5t = ! taxable ye> 9
 :i* ! qualifi$ nanote*nology develop]  
/ock is pur*as$1  7,b7 #c4ge p]c5t = !  
taxable ye> foll[+ ! ye> 9 :i* su* /ock 
is pur*as$1  7,c7 #c p]c5t = ! second   

taxable ye> foll[+ ! ye> 9 :i* su* /ock 
is pur*as$1  7,d7 #a4e p]c5t = ! ?ird   
taxable ye> foll[+ ! ye> 9 :i* su* /ock 
is pur*as$1  7,e7 #a4e p]c5t = f\r?     
taxable ye> foll[+ ! ye> 9 :i* su* /ock 
is pur*as$1 &  7,f7 #j p]c5t = any      
taxable ye> aft] ! f\r? taxable ye>     
foll[+ ! ye> 9 :i* su* /ock is pur*as$4 
7b7 ,limitations  7#a7 ,am\nt ( inve/m5t
 eligible ,no cr$it %all be all[$ "u    
subsection 7a7 ) respect to am\nts paid 
9 any taxable ye> = ! pur*ase ( qualifi$
 nanote*nology develop] /ock :i* is 9   
excess ( #aj1jjj1jjj4  7#b7 ,application
 ) o!r cr$its ,! cr$it all[$ "u         
subsection 7a7 = any taxable ye> %all n 
exce$ ! excess (--  7,a7 ! regul> tax = 
! taxable ye> r$uc$ by ! sum ( ! cr$its 
all[able "u ?is "p 7o!r ?an subp>t ,c   
!re(71 ov]  7,b7 ! t5tative m9imum tax =
 ! taxable ye>4  7c7 ,qualifi$          
,nanote*nology ,develop] ,/ock ,=       
purposes ( ?is section--  7#a7 ,9 g5]al 
,! t]m qualifi$ nanote*nology develop]  
/ock means any common /ock 9 a ,c       

corporation or any memb]%ip unit 9 a    
,/ate-regi/]$ limit$ liability company  
if--  7,a7 z ( ! date ( issuance ( su*  
/ock or memb]%ip unit1 su* corporation  
or company is a qualifi$ nanote*nology  
develop]1  7,b7 su* /ock is acquir$ by !
 taxpay] at its orig9al issue 7directly 
or ?r\gh an und]writ]7 9 ex*ange = money
 or o!r prop]ty 7n includ+ /ock71 &     
7,c7 ! proce$s ( su* issue are us$ by   
su* issu] dur+ ! #e-ye> p]iod beg9n+ on 
! date ( issuance = ! developm5t1       
production1 or sale ( products us+      
nanote*nology4  7#b7 ,qualifi$          
nanote*nology develop] ,! t]m qualifi$  
nanote*nology develop] means any        
entity--  7,a7 :i* is a ,c corporation  
or limit$ liability company organiz$ "u 
! laws ( any ,/ate or ( ! ,unit$ ,/ates1
  7,b7 :i* is a small bus9ess conc]n 7z 
def9$ 9 section #c7;a7 ( ! ,small       
,bus9ess ,act71 &  7,c7 ) respect to :i*
 a c]tification "u subsection 7d7 is 9  
effect4  7#c7 ,nanote*nology ,! t]m     
nanote*nology means ! sci5ce ( und]/&+ &

 manipulat+ matt] on an atomic or       
molecul> scale1 g5]ally to create       
/ructures1 & usually at a size small]   
?an #ajj nanomet]s4  7d7 ,c]tification  
7#a7 ,9 g5]al ,! ,secret>y1 9           
consultation ) ! ,national              
,nanote*nology ,coord9ation ,(fice1 %all
 c]tify an entity "u ?is subsection if  
su* entity demon/rates by ! submission (
 su* in=mation z requir$ by ! ,secret>y 
t n less ?an #ea p]c5t ( its activities 
relate to ! developm5t1 production1 &   
sale ( products us+ nanote*nology4  7#b7
 ,revocation ,! ,secret>y %all revoke ! 
c]tification ( any entity :i* is c]tifi$
 "u p>agraph 7#a7 if ! ,secret>y        
det]m9es t--  7,a7 ! proce$s f any      
qualifi$ nanote*nology develop] /ock    
issu$ by su* entity are us$ dur+ !      
#e-ye> p]iod foll[+ su* issue = a       
purpose o!r ?an ! developm5t1           
production1 or sale ( products us+      
nanote*nology1 or  7,b7 su* entity no   
long] meets ! requirem5ts ( p>agraph    
7#a74  7#c7 ,submission ( in=mation ,!  

,secret>y may require any entity c]tifi$
 "u p>agraph 7#a7 to provide su*        
in=mation z ! ,secret>y may require 9   
ord] ensure compliance ) ! purposes (   
?is section4  7e7 ,c>ryov] ( ,unus$     
,cr$it  7#a7 ,9 g5]al ,if ! cr$it am\nt 
all[able "u subsection 7a7 = a taxable  
ye> exce$s ! am\nt ( ! limitation "u    
subsection 7h7 = su* taxable ye>1 su*   
excess %all be all[$ z a cr$it c>ry=w>d 
= ea* ( ! #bj taxable ye>s foll[+ !     
unus$ cr$it ye>4  7#b7 ,rules ,rules    
simil> to ! rules ( section #ci %all    
apply ) respect to ! cr$it c>ry=w>d "u  
p>agraph 7#a74  7f7 ,recapture ( ,cr$it 
,if--  7#a7 ! taxpay] fails to hold     
qualifi$ nanote*nology develop] /ock = !
 #g-ye> p]iod beg9n+ on ! date su* /ock 
0 pur*as$ by ! taxpay]1 or  7#b7 dur+   
su* #g-ye> p]iod1 ! issu] ( su* /ock    
ceases to be a qualifi$ nanote*nology   
develop]1  !n not)/&+ any o!r provision 
( ?is subtitle1 ! tax impos$ by ?is     
*apt] on ! taxpay] = ! taxable ye>      
beg9n+ 9 ! cal5d> ye> 9 :i* su*         

cessation occurr$ %all be increas$ by ! 
aggregate am\nt ( cr$it all[$ "u        
subsection 7a7 to ! taxpay] ) respect to
 su* /ock4  7g7 ,special ,rule ,=       
purposes ( ?is section1 rules simil> to 
! rules ( section #abjb7;c77#c7 %all    
apply4  7h7 ,basis ,adju/m5ts ,=        
purposes ( ?is subtitle1 if a cr$it is  
all[$ "u ?is section = ! pur*ase ( any  
/ock--  7#a7 ! increase 9 ! basis ( su* 
/ock :i* w\ld 7b = ?is subsection7      
result f su* pur*ase %all be r$uc$ by ! 
am\nt ( ! cr$it s all[$1 &  7#b7 ! basis
 ( su* /ock %all be increas$ by ! am\nt 
( any increase 9 tax by reason (        
subsection 7f74  4  7b7 ,con=m+ ,am5dm5t
 ,subsection 7a7 ( section #ajaf ( su*  
,code is am5d$ by /rik+ & at ! end (    
p>agraph 7#cf71 by /rik+ ! p]iod at !   
end ( p>agraph 7#cg7 & ins]t+ 2 &1 & by 
add+ at ! end ! foll[+ new p>agraph3    
7#ch7 to ! ext5t provid$ 9 section      
#ed;,i7h71 9 ! case ( am\nts ) respect  
to :i* a cr$it has be5 all[$ "u section 
#ed;,i or a recapture impos$ "u section 

#ed;,i7f74  4  7c7 ,cl]ical ,am5dm5t ,! 
table ( subp>ts = "p ,,iv is am5d$ by   
add+ at ! end ! foll[+ new item3        
,,subp>t ,j--,,nanote*nology            
,,developm5t ,,cr$it  4  7d7 ,effective 
,date ,! am5dm5ts made by ?is section   
%all apply to am\nts paid aft] ,decemb] 
#ca1 #bjaj4  #ajc4 ,nanote*nology       
assi/ance  7a7 ,def9itions ,9 ?is       
section3  7#a7 ,comm]cialization ,! t]m 
comm]cialization means ! process (      
conv]t+ nanote*nology rese>* into       
products & processes t are us$ 9 !      
m>ketplace4  7#b7 ,degree-grant+        
in/itution ,! t]m degree-grant+         
in/itution means an in/itution ( high]  
education1 z def9$ 9 section #aja ( !   
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajja71 t aw>ds an associate  
or baccalaureate degree4  7#c7          
,incubator ,! t]m incubator means an    
entity affiliat$ ) or h\s$ 9 a          
degree-grant+ in/itution t provides     
space & coord9at$ & specializ$ s]vices  
to entrepr5eurial bus9esses t "w 9 !    

field ( nanote*nology comm]cialization &
 t meets select$ crit]ia dur+ !         
bus9esses' />tup phase1 includ+ provid+ 
s]vices su* z %>$ (fice space & s]vices1
 access to equipm5t1 access to          
telecommunications & te*nology s]vices1 
flexible leases1 specializ$ managem5t   
assi/ance1 access to f9anc+1 & o!r      
coord9at$ bus9ess or te*nical support   
s]vices4  7#d7 ,nanote*nology ,! t]m    
nanote*nology means ! sci5ce ( und]/&+ &
 manipulat+ matt] on an atomic or       
molecul> scale1 g5]ally to create       
/ructures1 & usually at a size small]   
?an #ajj nanomet]s4  7#e7 ,secret>y ,!  
t]m ,secret>y means ! ,secret>y (       
,comm]ce4  7b7 ,grants ,au?oriz$  7#a7  
,9 g5]al ,! ,secret>y is au?oriz$ to    
e/abli% )9 ! ,te*nology ,adm9i/ration ( 
! ,dep>tm5t ( ,comm]ce a grant program  
to support ! e/abli%m5t & developm5t (  
incubators4  7#b7 ,allocation ( funds ,f
 ! am\nt appropriat$ pursuant to !      
au?orization ( appropriations 9         
subsection 7e7 = a fiscal ye>1 !        

,secret>y--  7,a7 %all use #hj p]c5t (  
su* am\nt to--  7i7 make aw>ds1 on a    
competitive basis1 9 am\nts ( up to     
#b1ejj1jjj1 to help acquire or r5ovate  
space = incubators2 &  7ii7 make aw>ds1 
on a competitive basis1 9 am\nts (      
#ej1jjj to #aej1jjj1 =--  7,i7 develop+ 
curricula relat$ to nanote*nology2      
7,,ii7 provid+ s]vices =                
comm]cialization1 includ+ prep>+ provid+
 s]vices to appropriate bus9esses       
includ+ corporate *>t]s1 p>tn]%ip       
agreem5ts1 & basic contracts1 assi/ance 
) pat5ts1 tradem>ks1 & copyrights1 &    
te*nology acquisition s]vices2 or       
7,,iii7 provid+ programm+ = entrepr5eurs
 work+ 9 nanote*nology h\s$ 9 an        
incubator2  7,b7 %all res]ve #aj p]c5t (
 ! am\nt to make aw>ds1 on a competitive
 basis1 9 am\nts ( #ej1jjj to #aej1jjj1 
= feasibility /udies = det]m9+ ! ne$ =  
or sit+ ( incubators2 &  7,c7 %all      
res]ve #aj p]c5t = rese>* reg>d+ be/    
practices = incubator programs1 includ+ 
! developm5t ( a b5*m>k+ sy/em bas$ on  

uni=m measures1 & = dissem9ation (      
in=mation reg>d+ su* practices4  7#c7   
,contracts ,! ,secret>y is au?oriz$ to  
contract ) organizations ) exp]tise 9   
incubation practices = ! purposes (     
c>ry+ out p>agraph 7#b77;,c74  7#d7     
,uses ( funds ,funds aw>d$ "u p>agraph  
7#b77;,a77ii7 may be us$ =--  7,a7      
curriculum1 tra9+1 or te*nical assi/ance
 relat$ to nanote*nology develop$ by    
academic faculty ) p>ticipation f       
entrepr5eur%ip exp]ts2  7,b7 programm+ t
 contributes to a coord9at$ set (       
bus9ess assi/ance tools1 su* z develop+ 
managem5t teams1 provid+ work=ce        
developm5t1 =m+ /rategic alliances1     
develop+ capital =mation networks1 &    
develop+ cu/omiz$ plans =               
comm]cialization2 &  7,c7 hir+ /aff to  
coord9ate ! activities describ$ 9       
subp>agraph 7,a7 or 7,b7 or = curriculum
 developm5t4  7#e7 ,recipi5ts ,!        
,secret>y %all make an aw>d--  7,a7     
describ$ 9 p>agraph 7#b77;,a7 to a      
nonpr(it entity t has a /rong           

affiliation ) a degree-grant+ in/itution
 & manages or provides te*nical         
assi/ance to ! degree-grant+            
in/itution's affiliat$ incubator1 or if 
no nonpr(it entity manages or provides  
te*nical assi/ance to ! incubator1 to ! 
degree-grant+ in/itution manag+ !       
incubator2 &  7,b7 describ$ 9 p>agraph  
7#b77;,b7 to a degree-grant+ in/itution4
  7#f7 ,applications ,ea* entity desir+ 
assi/ance "u ?is section %all submit an 
application to ! ,secret>y at su* "t1 9 
su* mann]1 & accompani$ by su* in=mation
 z ! ,secret>y may require4  7#g7       
,selection  7,a7 ,priority ,! ,secret>y 
%all give priority to fund+ applications
 "u ?is subsection = activities t--  7i7
 w be c>ri$ out at a facility t is      
includ$ 9 ! ,c5t]s & ,networks (        
,excell5ce ( ! rese>* & developm5t      
program kn[n z ! ,national              
,nanote*nology ,initiative2  7ii7       
provide /rong educational opportunities 
to /ud5ts 9 fields relat$ to            
nanote*nology & comm]cialization2 &     

7iii7 require significant collaboration 
betwe5 bus9esses & academia4  7,b7      
,consid]ation ,! ,secret>y may give     
consid]ation to fund+ applications "u   
?is subsection t support--  7i7 ! build+
 ( new incubators2  7ii7 incubators t "w
 ) faculty entrepr5eurs or              
univ]sity-bas$ rese>*2  7iii7 incubators
 t are locat$ 9 areas ) an e/abli%$     
v5ture capital indu/ry & o!r indu/ry    
support1 includ+ lead]%ip & legal       
support1 = comm]cialization2 or  7iv7   
incubators t h secur$ additional private
 fund+4  7c7 ,nanote*nology ,/>tup      
,advisory ,c\ncil  7#a7 ,e/abli%m5t ,!  
,secret>y %all e/abli% a ,nanote*nology 
,/>tup ,advisory ,c\ncil compos$ (      
indu/ry lead]s1 bus9ess & m>ket+        
pr(essionals1 v5ture capitali/s1        
attorneys1 & nanote*nology rese>*]s4    
7#b7 ,purpose ,! purpose ( !            
,nanote*nology ,/>tup ,advisory ,c\ncil 
is to ensure t em]g+ nanote*nology      
companies create a s\nd f\ndation = new 
bus9ess4  7d7 ,report ,n lat] ?an       

,septemb] #cj ( ! ?ird fiscal ye> dur+  
:i* assi/ance is provid$ "u ?is section1
 ! ,secret>y %all prep>e & submit to    
,congress a report t--  7#a7 describes !
 mo/ effective or innovative additions  
to curricula relat$ to nanote*nology t 7
 develop$ ) su* assi/ance2  7#b7 conta9s
 a comp>ison ( ! success ( nanote*nology
 companies develop$ 9 incubators t      
receiv$ su* assi/ance ) ! success ( o!r 
nanote*nology companies2  7#c7 describes
 any factors lead+ to success (         
companies t 7 develop$ 9 incubators2    
7#d7 recomm5ds ! be/ role =             
degree-grant+ in/itutions 9             
comm]cialization2 &  7#e7 conta9s a     
comp>ison ( academic-affiliat$          
incubators ( specific missions & ages t 
receiv$ assi/ance "u ?is section ) o!r  
incubators ) simil> missions & ages4    
7e7 ,au?orization ( ,appropriations ,!re
 are au?oriz$ to be appropriat$ to c>ry 
out ?is section #be1jjj1jjj = ea* ( !   
fiscal ye>s #bjab1 #bjac1 & #bjad4  ,,ii
 ,rese>* & ,developm5t ,directions      

#bja4 ,nanoscale sci5ce & eng9e]+ c5t]  
,section #i ( ! #ba/ ,c5tury            
,nanote*nology ,rese>* & ,developm5t    
,act 7#ae ,u4,s4,c4 #gejh7 is am5d$--   
7#a7 by r$esignat+ subsection 7c7 z     
subsection 7d72 &  7#b7 by ins]t+ aft]  
subsection 7b7 ! foll[+ new subsection3 
7c7 ,nanoscale sci5ce & eng9e]+ c5t]    
7#a7 ,e/abli%m5t ,! ,national ,sci5ce   
,f\ndation %all provide = ! e/abli%m5t1 
on a m]it review$ & competitive basis1 (
 a c5t] = ! developm5t ( comput] aid$   
design tools = nanote*nology            
applications4  7#b7 ,au?orization (     
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,national ,sci5ce      
,f\ndation = c>ry+ out ?is subsection   
#aj1jjj1jjj4  4  #bjb4 ,f$]al programs  
,! #ba/ ,c5tury ,nanote*nology ,rese>* &
 ,developm5t ,act 7#ae ,u4,s4,c4 #geja  
et seq47 is am5d$--  7#a7 by r$esignat+ 
sections #i & #aj z sections #ab & #ac1 
respectively2  7#b7 9 section #h1 by    
add+ at ! end ! foll[+ new subsection3  
7c7 ,rese>* program  7#a7 ,e/abli%m5t ,!

 ,secret>y ( ,en]gy %all provide = !    
e/abli%m5t1 on a m]it review$ &         
competitive basis1 ( a grant program =  
nanote*nology rese>* to address ! ne$ = 
clean1 *eap1 r5ewable en]gy4  7#b7      
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to !         
,secret>y ( ,en]gy = c>ry+ out ?is      
subsection #cj1jjj1jjj = ea* fiscal ye>4
  2 &  7#c7 by ins]t+ aft] section #h ! 
foll[+ new sections3  #i4 ,environm5tal 
,protection ,ag5cy programs  7a7        
,e/abli%m5t ,! ,adm9i/rator ( !         
,environm5tal ,protection ,ag5cy %all   
provide = ! e/abli%m5t1 on a m]it       
review$ & competitive basis1 ( a grant  
program = nanote*nology rese>* to       
address te*nologies = ! rem$iation (    
pollution & o!r environm5tal protection 
te*nologies4  7b7 ,au?orization (       
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,adm9i/rator ( !       
,environm5tal ,protection ,ag5cy = c>ry+
 out ?is section #cj1jjj1jjj = ea*      
fiscal ye>4  #aj4 ,dep>tm5t ( ,homel&   

,security programs  7a7 ,e/abli%m5t ,!  
,secret>y ( ,homel& ,security %all      
provide = ! e/abli%m5t1 on a m]it       
review$ & competitive basis1 ( a grant  
program = nanote*nology rese>* to       
address ! ne$ = s5sors & o!r mat]ials   
relat$ to homel& security ne$s4  7b7    
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to !         
,secret>y ( ,homel& ,security = c>ry+   
out ?is section #cj1jjj1jjj = ea* fiscal
 ye>4  #aa4 ,dep>tm5t ( ,heal? & ,human 
,s]vices programs  7a7 ,e/abli%m5t ,!   
,secret>y ( ,heal? & ,human ,s]vices    
%all provide = ! e/abli%m5t1 on a m]it  
review$ & competitive basis1 ( a grant  
program = nanote*nology rese>* to       
address ! heal? relat$ applications (   
nanote*nology4  7b7 ,au?orization (     
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,secret>y ( ,heal? &   
,human ,s]vices = c>ry+ out ?is section 
#cj1jjj1jjj = ea* fiscal ye>4  4  ,,iii 
,environm5tal ,nanote*nology            
,applications  #cja4 ,nanote*nology     

rese>* /rategy ,n lat] ?an #a ye> aft] !
 date ( enactm5t ( ?is ,act1 ! ,director
 ( ! ,national ,nanote*nology           
,coord9ation ,(fice %all1 aft]          
consultation ) appropriate ,f$]al       
ag5cies & indu/ry1 transmit to !        
,congress a report conta9+ a            
nanote*nology rese>* /rategy t e/abli%es
 priorities = ! ,f$]al ,gov]nm5t &      
indu/ry t w ensure ! developm5t &       
responsible /ew>d%ip ( nanote*nology4 ,!
 report %all include recomm5dations     
reg>d+ ! fund+ levels ! ,director       
anticipates ! ag5cies *>g$ ) implem5t+  
?is rese>* /rategy w require4  ,,iv     
,education  #dja4 ,cr$it = nanote*nology
 education & tra9+ program exp5ses  7a7 
,9 g5]al ,subp>t ,b ( "p ,,iv ( sub*apt]
 ,a ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+3  #cj;,e4 ,nanote*nology       
education & tra9+ program exp5ses  7a7  
,all[ance ( cr$it  7#a7 ,9 g5]al ,!re   
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is *apt] = ! taxable ye> an  

am\nt equal to #ej p]c5t ( nanote*nology
 education & tra9+ program exp5ses paid 
or incurr$ by ! taxpay] = ! b5efit (--  
7,a7 9 ! case ( a taxpay] engag$ 9 a    
trade or bus9ess1 an employee ( !       
taxpay]1 or  7,b7 9 ! case ( a taxpay]  
:o is an individual n s engag$1 su*     
individual4  7#b7 ,coord9ation ( cr$its 
,cr$it %all be all[able to ! employ] )  
respect to an employee only to ! ext5t t
 ! employee assigns "s or all ( !       
limitation applicable to su* employee "u
 subsection 7b7 to su* employ]4  7b7    
,limitations  7#a7 ,9 g5]al ,! am\nt (  
exp5ses ) respect to any individual :i* 
may be tak5 into acc\nt "u subsection   
7a7 = ! taxable ye> %all n exce$ #d1jjj4
  7#b7 ,increase 9 cr$it am\nt =        
p>ticipation 9 c]ta9 programs & = c]ta9 
individuals ,p>agraph 7#a7 %all be      
appli$ by sub/itut+ #e1jjj = #d1jjj 9 ! 
case ( exp5ses--  7,a7 ) respect to a   
program op]at$--  7i7 9 an emp[]m5t zone
 or ent]prise community designat$ "u "p 
,i ( sub*apt] ,u or a r5ewal community  

designat$ "u "p ,i ( sub*apt] ,x1  7ii7 
9 a s*ool di/rict 9 :i* at lea/ #ej     
p]c5t ( ! /ud5ts att5d+ s*ools 9 su*    
di/rict are eligible = free or r$uc$-co/
 lun*es "u ! s*ool lun* program e/abli%$
 "u ! ,ri*>d ,b4 ,russell ,national     
,s*ool ,lun* ,act1  7iii7 9 an area     
designat$ z a disa/] area by ! ,secret>y
 ( ,agriculture "u section #cba ( !     
,consolidat$ ,f>m & ,rural ,developm5t  
,act or by ! ,presid5t "u ! ,rob]t ,t4  
,/af=d ,disa/] ,relief & ,em]g5cy       
,assi/ance ,act 9 ! taxable ye> or ! #d 
prec$+ taxable ye>s1  7iv7 9 a rural    
ent]prise community designat$ "u section
 #gff ( ! ,agriculture1 ,rural          
,developm5t1 ,food & ,drug              
,adm9i/ration1 & ,relat$ ,ag5cies       
,appropriations ,act1 #aiii 7#aab ,/at4 
#bfha-cg71  7v7 9 an area designat$ by !
 ,secret>y ( ,agriculture z a ,rural    
,economic ,area ,p>tn]%ip ,zone1  7vi7 9
 an area ov] :i* an ,indian tribal      
gov]nm5t 7z def9$ 9 section             
#ggja7;a77#dj77 has jurisdiction1 or    

7vii7 by an employ] :o has #bjj or few] 
employees = ea* bus9ess day 9 ea* ( #bj 
or m cal5d> weeks 9 ! curr5t or prec$+  
cal5d> ye>1 or  7,b7 9 ! case ( an      
individual ) a disability4  7c7         
,nanote*nology education & tra9+ program
 exp5ses ,= purposes ( ?is section--    
7#a7 ,9 g5]al ,! t]m nanote*nology      
education & tra9+ program exp5ses means 
exp5ses paid or incurr$ by reason ( !   
p>ticipation ( ! taxpay] 7or any        
employee ( ! taxpay]7 9 any             
nanote*nology education & tra9+ program4
 ,su* exp5ses %all include exp5ses paid 
9 connection )--  7,a7 c\rse "w1  7,b7  
c]tification te/+1  7,c7 programs c>ri$ 
out "u ! ,act ( ,augu/ #af1 #aicg 7#ej  
,/at4 #ffd1 *apt] #ffc2 #bi ,u4,s4,c4   
#ej et seq47 :i* are regi/]$ by !       
,dep>tm5t ( ,labor1 &  7,d7 o!r exp5ses 
t are ess5tial to assess+ skill         
acquisition4  7#b7 ,nanote*nology       
education & tra9+ program ,! t]m        
nanote*nology education & tra9+ program 
means a tra9+ program 9 nanote*nology   

workplace discipl9es or o!r skill sets  
:i* is provid$ 9 ! ,unit$ ,/ates by an  
accr$it$ college1 univ]sity1 private    
c>e] s*ool1 po/second>y educational     
in/itution1 a comm]cial nanote*nology   
provid]1 or an employ]-own$             
nanote*nology tra9+ organization4  7#c7 
,comm]cial nanote*nology tra9+ provid]  
,! t]m comm]cial nanote*nology tra9+    
provid] means a private sector          
organization provid+ a nanote*nology    
education & tra9+ program4  7#d7        
,employ]-own$ nanote*nology tra9+       
organization ,! t]m employ]-own$        
nanote*nology tra9+ organization means a
 private sector organization t provides 
nanote*nology tra9+ to its employees us+
 int]nal tra9+ developm5t & deliv]y     
p]sonnel4 ,! tra9+ programs mu/ use     
indu/ry-recogniz$ tra9+ discipl9es &    
evaluation me?ods1 comp>able to         
in/itutional & comm]cial tra9+ provid]s4
  7d7 ,d5ial ( d\ble b5efit  7#a7       
,disall[ance ( o!r cr$its & d$uctions   
,no d$uction or cr$it %all be all[$ "u  

any o!r provision ( ?is *apt] = exp5ses 
tak5 into acc\nt 9 det]m9+ ! cr$it "u   
?is section4  7#b7 ,r$uction = hope &   
lifetime le>n+ cr$its ,! am\nt tak5 into
 acc\nt "u subsection 7a7 %all be r$uc$ 
by ! nanote*nology education & tra9+    
program exp5ses tak5 into acc\nt 9      
det]m9+ ! cr$its "u section #be;,a4  7e7
 ,c]ta9 rules made ,applicable ,=       
purposes ( ?is section1 rules simil> to 
! rules ( section #de;,a7e77#b7 &       
subsections 7c71 7d71 & 7e7 ( section   
#eb %all apply4  7f7 ,application ) o!r 
cr$its ,! cr$it all[$ by subsection 7a7 
= any taxable ye> %all n exce$ ! excess 
7if any7 (--  7#a7 ! regul> tax = !     
taxable ye> r$uc$ by ! sum ( ! cr$its   
all[able "u ! subp>t ,a & ! previ\s     
sections ( ?is subp>t1 ov]  7#b7 !      
t5tative m9imum tax = ! taxable ye>4  4 
7b7 ,cl]ical am5dm5t ,! table ( sections
 = subp>t ,b ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end !       
foll[+3  ,sec4 #cj;,e4 ,nanote*nology   

education & tra9+ program exp5ses4  4   
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to am\nts paid or
 incurr$ 9 taxable ye>s beg9n+ aft]     
,decemb] #ca1 #bjaj4  #djb4 ,eligible   
educational in/itution  7a7 ,9 g5]al    
,section #be;,a7f77#b7 ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to        
eligible educational in/itution7 is     
am5d$ to read z foll[s3  7#b7 ,eligible 
educational in/itution ,! t]m eligible  
educational in/itution means--  7,a7 an 
in/itution--  7i7 :i* is describ$ 9     
section #aja7;b7 or #ajb7;a7 ( ! ,high] 
,education ,act ( #aife1 &  7ii7 :i* is 
eligible to p>ticipate 9 a program "u   
title ,,iv ( su* ,act1 or  7,b7 a       
comm]cial nanote*nology tra9+ provid] 7z
 def9$ 9 section #cj;,e7c77#c774  4  7b7
 ,con=m+ am5dm5t ,! second s5t5ce (     
section #bba7;d77#b7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
section #be;,a7f77#b7 & ins]t+ section  
#be;,a7f77#b77;,a74  7c7 ,effective date
 ,! am5dm5ts made by ?is section %all   

apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjaj4  #djc4 ,curriculum 
developm5t program  7a7 ,e/abli%m5t ,!  
,national ,sci5ce ,f\ndation %all       
provide = ! e/abli%m5t1 on a m]it       
review$ & competitive basis1 ( a grant  
program = ! developm5t ( curriculum     
mat]ials = int]discipl9>y nanote*nology 
c\rses at in/itutions ( high] education4
  7b7 ,au?orization ( appropriations    
,!re are au?oriz$ to be appropriat$ to !
 ,national ,sci5ce ,f\ndation = c>ry+   
out ?is section #ae1jjj1jjj = ea* ( !   
fiscal ye>s #bjab ?r\gh #bjae4  #djd4   
,tra9+ p>tn]%ips ,! ,national ,sci5ce   
,f\ndation1 ?r\gh its ,advanc$          
,te*nological ,education program1 %all  
e/abli% a program to enc\rage           
manufactur+ companies to ent] into      
p>tn]%ips ) occupational tra9+ c5t]s = !
 developm5t ( tra9+ to support          
nanote*nology manufactur+4  ,v ,public  
,outrea*  #eja4 ,int]action betwe5      
sci5ti/s & eng9e]s ,n lat] ?an #f mon?s 
aft] ! date ( enactm5t ( ?is ,act1 !    

,secret>y ( ,en]gy %all transmit to !   
,congress a report conta9+ a /rategy =  
increas+ int]action on nanote*nology    
issues betwe5 sci5ti/s & eng9e]s at !   
,dep>tm5t ( ,en]gy's ,national          
,laboratories & 9 ! in=mal sci5ce       
education community1 to enable rese>*]s 
to use _! exp]tise to assi/ 9 !         
developm5t ( appropriate nanote*nology  
exhibitions = s*ool age *ildr5 & ! g5]al
 public4