,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ehbi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #aj1 #bjad   
,mr4 ,lip9ski introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to provide an     
exception = c]ta9 public-private rese>* 
arrangem5ts f ! bus9ess use te/ =       
purposes ( det]m9+ private activity     
bonds4  #a4 ,exception to bus9ess use   
te/ = c]ta9 public-private rese>*       
arrangem5ts  7a7 ,9 g5]al ,section      
#ada7;b7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#aj7 ,exception = c]ta9
 rese>* arrangem5ts  7,a7 ,9 g5]al      
,p>agraph 7#a7 %all n apply to an issue 
if ! proce$s ( su* issue are to be us$  
"u an arrangem5t relat+ to basic rese>* 
at a facility--  7i7 own$ by a          
gov]nm5tal unit or a #eja7;c77#c7       
organization1 &  7ii7 ! gov]nm5tal unit 
or a #eja7;c77#c7 organization ent]s    
into a bona fide1 arm's-l5g? contractual

 arrangem5t ) a p]son o!r ?an a         
gov]nm5tal unit or a #eja7;c77#c7       
organization reg>d+ ! t]ms = %>+ !      
economic b5efits ( any products result+ 
f basic rese>*1 includ+ arrangem5ts 9   
:i* ^? economic t]ms 7su* z exclusive or
 non-exclusive lic5ses ( intellectual   
prop]ty & lic5s+ fees or royalty rates7 
are det]m9$ 9 advance at ! "t ! p>ties  
ent] into ! contractual arrangem5t4     
7,b7 ,basic rese>* ,= purposes (        
subp>agraph 7,a71 ! t]m basic rese>*    
means any orig9al inve/igation = !      
advancem5t ( sci5tific k n hav+ a       
specific comm]cial objective4  4  7b7   
,effective date ,! am5dm5t made by      
subsection 7a7 %all apply to rese>*     
agreem5ts ent]$ into aft] ! date ( !    
enactm5t ( ?is ,act4