,,ii  #aacth ,,congress  #b;d ,session  
,s4 #beea  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bf1     
#bjad ,mrs4 ,gillibrand 7for herself and
 ,mr4 ,coats7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,small ,business   
and ,entrepreneurship  ,a ,,bill  ,to   
amend the ,small ,business ,act to      
establish the ,innovative ,approaches to
 ,technology ,transfer ,grant ,program4 
#a4 ,short title  ,this ,act may be     
cited as the ,technology and ,research  
,accelerating ,national ,security and   
,future ,economic ,resiliency ,act of   
#bjad or the ,,transfer ,act4  #b4      
,innovative approaches to technology    
transfer grant program ,section #i7;jj7 
of the ,small ,business ,act 7#ae       
,u4,s4,c4 #fch7;jj77 is amended to read 
as follows3  7jj7 ,innovative approaches
 to technology transfer  7#a7 ,grant    
program  7,a7 ,definitions ,in this     
subsection-- 7i7 the term covered agency
 means a ,federal agency that is        

required to establish an ,,sttr program 
under subsection 7n72  7ii7 the term    
eligible institution means-- 7,i7 an    
institution of higher education2  7,,ii7
 a technology transfer organization that
 facilitates the commercialization of   
technologies developed by #a or more    
institutions of higher education2       
7,,iii7 a ,federal laboratory2  7,,iv7 a
 public or private nonprofit entity2 or 
7,v7 a consortium of any of the entities
 described under subclause 7,i71 7,,ii71
 7,,iii71 or 7,,iv72  7iii7 the term    
,federal laboratory has the meaning     
given that term under section #d7f7 of  
the ,stevenson-,wydler ,technology      
,innovation ,act of #aihj 7#ae ,u4,s4,c4
 #cgjc7f772  7iv7 the term institution  
of higher education has the meaning     
given that term under section #aja7;a7  
of the ,higher ,education ,act of #aife 
7#bj ,u4,s4,c4 #ajja7;a772 and  7v7 the 
term program means an ,innovative       
,approaches to ,technology ,transfer    
,grant ,program established by a covered

 agency under subparagraph 7,b74  7,b7  
,establishment of program ,the head of  
each covered agency shall establish a   
grant program1 to be known as the       
,innovative ,approaches to ,technology  
,transfer ,grant ,program of the covered
 agency1 to make grants to eligible     
institutions to improve or accelerate   
the commercialization of high quality   
and commercially viable federally funded
 research and technology by small       
business concerns4  7,c7 ,use of ,funds 
,grants awarded under a program may be  
used to-- 7i7 provide early-stage proof 
of concept funding for translational    
research2  7ii7 identify research and   
technology that have the potential for  
accelerated commercialization2  7iii7   
support technology maturation           
activities1 including prototype         
construction1 experiment analysis1      
product comparison1 and the collection  
of performance data2  7iv7 provide      
funding for technical validations1      
market research1 clarifying intellectual

 property rights position and strategy1 
and investigating commercial and        
business opportunities2  7v7 provide    
advice1 mentoring1 entrepreneurial      
education1 project management1 and      
technology and business development     
expertise to innovators and recipients  
of technology transfer licenses to      
maximize commercialization potential2   
and  7vi7 conduct outreach to small     
business concerns as potential licensees
 of federally funded research and       
technology to provide technology        
transfer services to those small        
business concerns4  7,d7 ,application   
7i7 ,in general ,an eligible institution
 desiring a grant under the program     
shall submit an application to a covered
 agency at such time1 in such manner1   
and containing such information as the  
covered agency may require4  7ii7       
,required information ,an application   
submitted for a grant under the program 
shall include-- 7,i7 7aa7 a description 
of innovative approaches to technology  

transfer1 technology development1 and   
commercial readiness that have the      
potential to increase or accelerate     
technology transfer outcomes and can be 
adopted by other eligible institutions2 
or  7bb7 a demonstration of1 or a plan  
to implement1 proven technology transfer
 and commercialization strategies that  
can achieve greater commercialization of
 federally funded research and          
technology with a grant under the       
program2  7,,ii7 a description of how   
the eligible institution will contribute
 to local and regional economic         
development efforts2  7,,iii7 a plan for
 sustainability after grant amounts have
 been expended2 and  7,,iv7 a plan to   
assemble an oversight board in          
accordance with subparagraph 7,f74  7,e7
 ,competitive basis ,a covered agency   
shall award grants to eligible          
institutions under the program of the   
covered agency on a competitive basis4  
7,f7 ,oversight board  7i7 ,in general  
,an eligible institution that receives a

 grant under the program shall assemble 
an oversight board to-- 7,i7 establish  
award programs for individual projects1 
including an application process2       
7,,ii7 provide rigorous evaluation of   
project applications2  7,,iii7 determine
 which projects should receive awards   
from the eligible institution2  7,,iv7  
establish milestones and associated     
award amounts for projects that reach   
certain milestones2  7,v7 determine     
whether a project is reaching the       
established milestones2 and  7,,vi7     
develop a process to reallocate         
outstanding award amounts from projects 
that are not reaching milestones to     
other projects with more potential to   
reach those milestones4  7ii7           
,membership and qualifications  7,i7 ,in
 general ,an oversight board assembled  
under clause 7i7 shall be composed of   
members who shall have demonstrated     
relevant technical1 scientific1 or      
business expertise1 of whom three-fifths
 shall be drawn from relevant           

industries1 start-up companies1 venture 
capital or other equity investment      
mechanisms1 technical enterprises1      
financial institutions1 and business    
development organizations with a track  
record of success in commercializing    
innovations4  7,,ii7 ,conflicts of      
interest ,an oversight board assembled  
under clause 7i7 shall adopt policies   
that-- 7aa7 prohibit conflicts of       
interest among members of the oversight 
board2  7bb7 ensure that relevant       
relationships are disclosed2 and  7cc7  
establish proper recusal procedures in  
the event of a conflict of interest4    
7iii7 ,use of existing oversight boards 
,an eligible institution may use        
oversight boards in existence on the    
date of the enactment of the ,technology
 and ,research ,accelerating ,national  
,security and ,future ,economic         
,resiliency ,act of #bjad that meet the 
requirements of this subparagraph4  7,g7
 ,grant and award amounts  7i7 ,grant   
amounts ,the amount of a grant made by a

 covered agency under the program of the
 covered agency shall be not more than  
#c1jjj1jjj4  7ii7 ,award amounts ,an    
eligible institution that receives a    
grant under a program shall make awards 
for individual projects that support the
 activities of clauses 7i71 7iii7 and   
7iv7 of subparagraph 7,c71 which-- 7,i7 
shall not be more than #ajj1jjj2 and    
7,,ii7 shall be provided in phased      
amounts1 based on whether the project is
 reaching the milestones established by 
the oversight board of the eligible     
institution4  7,h7 ,authorized          
expenditures for the program  7i7       
,expenditure amounts ,the percentage of 
the extramural budget for research1 or  
research and development1 required to be
 expended by a covered agency for the   
program of the covered agency shall be--
  7,i7 #j4je percent for fiscal year    
#bjae2 and  7,,ii7 #j4a percent for each
 of fiscal years #bjaf and #bjag4  7ii7 
,treatment of expenditures ,any portion 
of the extramural budget expended by a  

covered agency for the program of the   
covered agency shall apply toward the   
,,sttr expenditure requirements of the  
covered agency under subsection 7n74    
7#b7 ,program evaluation and data       
collection and dissemination  7,a7      
,evaluation plan and data collection    
7i7 ,in general ,each covered agency    
shall develop a program evaluation plan 
to collect data to identify outcomes    
resulting from the transfer of          
technology under the program of the     
covered agency1 including-- 7,i7        
specific follow-on funding identified or
 obtained1 including follow-on funding  
sources1 such as ,federal sources or    
private sources1 not later than #c years
 after the date on which an eligible    
institution makes an award for a project
 under the program2  7,,ii7 the number  
of projects which1 not later than #e    
years after receiving an award from an  
eligible institution under the program1 
result in a license to a start-up       
company or an established company with  

sufficient resources for effective      
commercialization2  7,,iii7 the number  
of invention disclosures received1      
,united ,states patent applications     
filed1 and ,united ,states patents      
issued not later than #e years after the
 date on which an eligible institution  
makes an award for a project under the  
program2  7,,iv7 the number of projects 
receiving an award from an eligible     
institution under the program that      
secure ,phase ,i or ,phase ,,ii ,,sbir  
or ,,sttr awards2  7,v7 available       
information on revenue1 sales1 or other 
measures of products that have been     
commercialized as a result of projects  
receiving an award from an eligible     
institution under the program not later 
than #e years after the date on which   
the eligible institution made the award2
  7,,vi7 the number and location of jobs
 created as a result of projects        
receiving an award from an eligible     
institution under the program2 and      
7,,vii7 any other data as the covered   

agency may determine appropriate4  7,b7 
,evaluative report to ,congress ,not    
later than ,september #cj1 #bjah1 the   
head of each covered agency shall submit
 to the ,committee on ,small ,business  
and ,entrepreneurship of the ,senate and
 the ,committee on ,science1 ,space1 and
 ,technology and the ,committee on      
,small ,business of the ,house of       
,representatives a report evaluating the
 activities of the program of the       
covered agency1 which shall include--   
7i7 a detailed description of the       
implementation of the program2  7ii7 a  
detailed description of selection       
process used by the covered agency to   
award a grant to an eligible institution
 under the program2  7iii7 an accounting
 of the funds used in the program2 and  
7iv7 a summary of the data collected    
under subparagraph 7,a74  7,c7 ,data    
dissemination ,for purposes of program  
transparency and the dissemination of   
best practices1 the ,administrator shall
 include on the public database under   

subsection 7k77#a7 information on the   
program of each covered agency1         
including--  7i7 the program evaluation 
plan required under subparagraph 7,a72  
7ii7 a list of recipients of awards made
 by an eligible institution for projects
 under the program by ,state2 and  7iii7
 information on the use by recipients of
 awards made by an eligible institution 
for projects under the program4  4