,,ii  #aac? ,,congress  #b;d ,session   
,s4 #beea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bf1 #bjad ,mrs4 
,gillibr& 7= h]self & ,mr4 ,coats7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to am5d ! ,small ,bus9ess ,act to      
e/abli% ! ,innovative ,approa*es to     
,te*nology ,transf] ,grant ,program4    
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,te*nology & ,rese>* ,accel]at+      
,national ,security & ,future ,economic 
,resili5cy ,act ( #bjad or ! ,,transf]  
,act4  #b4 ,innovative approa*es to     
te*nology transf] grant program ,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 ,def9itions ,9 ?is subsection-- 7i7
 ! t]m cov]$ ag5cy means a ,f$]al ag5cy 
t is requir$ to e/abli% an ,,/tr program
 "u subsection 7n72  7ii7 ! t]m eligible
 in/itution means-- 7,i7 an in/itution (

 high] education2  7,,ii7 a te*nology   
transf] organization t facilitates !    
comm]cialization ( te*nologies develop$ 
by #a or m in/itutions ( high]          
education2  7,,iii7 a ,f$]al laboratory2
  7,,iv7 a public or private nonpr(it   
entity2 or  7,v7 a consortium ( any ( ! 
entities describ$ "u subclause 7,i71    
7,,ii71 7,,iii71 or 7,,iv72  7iii7 ! t]m
 ,f$]al laboratory has ! mean+ giv5 t   
t]m "u section #d7f7 ( ! ,/ev5son-,wydl]
 ,te*nology ,innovation ,act ( #aihj    
7#ae ,u4,s4,c4 #cgjc7f772  7iv7 ! t]m   
in/itution ( high] education has ! mean+
 giv5 t t]m "u section #aja7;a7 ( !     
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajja7;a772 &  7v7 ! t]m      
program means an ,innovative ,approa*es 
to ,te*nology ,transf] ,grant ,program  
e/abli%$ by a cov]$ ag5cy "u subp>agraph
 7,b74  7,b7 ,e/abli%m5t ( program ,!   
head ( ea* cov]$ ag5cy %all e/abli% a   
grant program1 to be kn[n z !           
,innovative ,approa*es to ,te*nology    
,transf] ,grant ,program ( ! cov]$      

ag5cy1 to make grants to eligible       
in/itutions to improve or accel]ate !   
comm]cialization ( high quality &       
comm]cially viable f$]ally fund$ rese>* 
& te*nology by small bus9ess conc]ns4   
7,c7 ,use ( ,funds ,grants aw>d$ "u a   
program may be us$ to-- 7i7 provide     
e>ly-/age pro( ( concept fund+ =        
translational rese>*2  7ii7 id5tify     
rese>* & te*nology t h ! pot5tial =     
accel]at$ comm]cialization2  7iii7      
support te*nology maturation activities1
 includ+ prototype con/ruction1 exp]im5t
 analysis1 product comp>ison1 & !       
collection ( p]=mance data2  7iv7       
provide fund+ = te*nical validations1   
m>ket rese>*1 cl>ify+ intellectual      
prop]ty rights position & /rategy1 &    
inve/igat+ comm]cial & bus9ess          
opportunities2  7v7 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 pot5tial2 &  

7vi7 conduct outrea* to small bus9ess   
conc]ns z pot5tial lic5sees ( f$]ally   
fund$ rese>* & te*nology to provide     
te*nology transf] s]vices to ^? small   
bus9ess conc]ns4  7,d7 ,application  7i7
 ,9 g5]al ,an eligible in/itution desir+
 a grant "u ! program %all submit an    
application to a cov]$ ag5cy at su* "t1 
9 su* mann]1 & conta9+ su* in=mation z !
 cov]$ ag5cy may require4  7ii7 ,requir$
 in=mation ,an application submitt$ = a 
grant "u ! program %all include-- 7,i7  
7aa7 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 eligible in/itutions2 
or  7bb7 a demon/ration (1 or a plan to 
implem5t1 prov5 te*nology transf] &     
comm]cialization /rategies t c a*ieve   
great] comm]cialization ( f$]ally fund$ 
rese>* & te*nology ) a grant "u !       
program2  7,,ii7 a description ( h[ !   
eligible in/itution w contribute to     

local & regional economic developm5t    
ef=ts2  7,,iii7 a plan = su/a9ability   
aft] grant am\nts h be5 exp5d$2 &       
7,,iv7 a plan to assemble an ov]sight   
bo>d 9 accordance ) subp>agraph 7,f74   
7,e7 ,competitive basis ,a cov]$ ag5cy  
%all aw>d grants to eligible in/itutions
 "u ! program ( ! cov]$ ag5cy on a      
competitive basis4  7,f7 ,ov]sight bo>d 
7i7 ,9 g5]al ,an eligible in/itution t  
receives a grant "u ! program %all      
assemble an ov]sight bo>d to-- 7,i7     
e/abli% aw>d programs = individual      
projects1 includ+ an application        
process2  7,,ii7 provide rigor\s        
evaluation ( project applications2      
7,,iii7 det]m9e :i* projects %\ld       
receive aw>ds f ! eligible in/itution2  
7,,iv7 e/abli% mile/ones & associat$    
aw>d am\nts = projects t rea* c]ta9     
mile/ones2  7,v7 det]m9e :e!r a project 
is rea*+ ! e/abli%$ mile/ones2 &  7,,vi7
 develop a process to reallocate out/&+ 
aw>d am\nts f projects t are n rea*+    
mile/ones to o!r projects ) m pot5tial  

to rea* ^? mile/ones4  7ii7 ,memb]%ip & 
qualifications  7,i7 ,9 g5]al ,an       
ov]sight bo>d assembl$ "u clause 7i7    
%all be compos$ ( memb]s :o %all h      
demon/rat$ relevant te*nical1 sci5tific1
 or bus9ess exp]tise1 ( :om ?ree-fif?s  
%all be drawn f relevant indu/ries1     
/>t-up companies1 v5ture capital or o!r 
equity inve/m5t me*anisms1 te*nical     
ent]prises1 f9ancial in/itutions1 &     
bus9ess developm5t organizations ) a    
track record ( success 9 comm]cializ+   
innovations4  7,,ii7 ,conflicts ( int]e/
 ,an ov]sight bo>d assembl$ "u clause   
7i7 %all adopt policies t-- 7aa7        
prohibit conflicts ( int]e/ among memb]s
 ( ! ov]sight bo>d2  7bb7 ensure t      
relevant relation%ips are disclos$2 &   
7cc7 e/abli% prop] recusal proc$ures 9 !
 ev5t ( a conflict ( int]e/4  7iii7 ,use
 ( exi/+ ov]sight bo>ds ,an eligible    
in/itution may use ov]sight bo>ds 9     
exi/5ce on ! date ( ! enactm5t ( !      
,te*nology & ,rese>* ,accel]at+         
,national ,security & ,future ,economic 

,resili5cy ,act ( #bjad t meet !        
requirem5ts ( ?is subp>agraph4  7,g7    
,grant & aw>d am\nts  7i7 ,grant am\nts 
,! am\nt ( a grant made by a cov]$ ag5cy
 "u ! program ( ! cov]$ ag5cy %all be n 
m ?an #c1jjj1jjj4  7ii7 ,aw>d am\nts ,an
 eligible in/itution t receives a grant 
"u a program %all make aw>ds =          
individual projects t support !         
activities ( clauses 7i71 7iii7 & 7iv7 (
 subp>agraph 7,c71 :i*-- 7,i7 %all n be 
m ?an #ajj1jjj2 &  7,,ii7 %all be       
provid$ 9 phas$ am\nts1 bas$ on :e!r !  
project is rea*+ ! mile/ones e/abli%$ by
 ! ov]sight bo>d ( ! eligible           
in/itution4  7,h7 ,au?oriz$ exp5ditures 
= ! program  7i7 ,exp5diture am\nts ,!  
p]c5tage ( ! extramural budget = rese>*1
 or rese>* & developm5t1 requir$ to be  
exp5d$ by a cov]$ ag5cy = ! program ( ! 
cov]$ ag5cy %all be--  7,i7 #j4je p]c5t 
= fiscal ye> #bjae2 &  7,,ii7 #j4a p]c5t
 = ea* ( fiscal ye>s #bjaf & #bjag4     
7ii7 ,treatm5t ( exp5ditures ,any       
portion ( ! extramural budget exp5d$ by 

a cov]$ ag5cy = ! program ( ! cov]$     
ag5cy %all apply t[>d ! ,,/tr exp5diture
 requirem5ts ( ! cov]$ ag5cy "u         
subsection 7n74  7#b7 ,program          
evaluation & data collection &          
dissem9ation  7,a7 ,evaluation plan &   
data collection  7i7 ,9 g5]al ,ea* cov]$
 ag5cy %all develop a program evaluation
 plan to collect data to id5tify        
outcomes result+ f ! transf] ( te*nology
 "u ! program ( ! cov]$ ag5cy1 includ+--
 7,i7 specific foll[-on fund+ id5tifi$  
or obta9$1 includ+ foll[-on fund+       
s\rces1 su* z ,f$]al s\rces or private  
s\rces1 n lat] ?an #c ye>s aft] ! date  
on :i* an eligible in/itution makes an  
aw>d = a project "u ! program2  7,,ii7 !
 numb] ( projects :i*1 n lat] ?an #e    
ye>s aft] receiv+ an aw>d f an eligible 
in/itution "u ! program1 result 9 a     
lic5se to a />t-up company or an        
e/abli%$ company ) suffici5t res\rces = 
effective comm]cialization2  7,,iii7 !  
numb] ( inv5tion disclosures receiv$1   
,unit$ ,/ates pat5t applications fil$1 &

 ,unit$ ,/ates pat5ts issu$ n lat] ?an  
#e ye>s aft] ! date on :i* an eligible  
in/itution makes an aw>d = a project "u 
! program2  7,,iv7 ! numb] ( projects   
receiv+ an aw>d f an eligible in/itution
 "u ! program t secure ,phase ,i or     
,phase ,,ii ,,sbir or ,,/tr aw>ds2  7,v7
 available in=mation on rev5ue1 sales1  
or o!r measures ( products t h be5      
comm]cializ$ z a result ( projects      
receiv+ an aw>d f an eligible in/itution
 "u ! program n lat] ?an #e ye>s aft] ! 
date on :i* ! eligible in/itution made !
 aw>d2  7,,vi7 ! numb] & location ( jobs
 creat$ z a result ( projects receiv+ an
 aw>d f an eligible in/itution "u !     
program2 &  7,,vii7 any o!r data z !    
cov]$ ag5cy may det]m9e appropriate4    
7,b7 ,evaluative report to ,congress ,n 
lat] ?an ,septemb] #cj1 #bjah1 ! head ( 
ea* cov]$ ag5cy %all submit to !        
,committee on ,small ,bus9ess &         
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,sci5ce1 ,space1 &        
,te*nology & ! ,committee on ,small     

,bus9ess ( ! ,h\se ( ,repres5tatives a  
report evaluat+ ! activities ( ! program
 ( ! cov]$ ag5cy1 :i* %all include--    
7i7 a detail$ description ( !           
implem5tation ( ! program2  7ii7 a      
detail$ description ( selection process 
us$ by ! cov]$ ag5cy to aw>d a grant to 
an eligible in/itution "u ! program2    
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 ! program ( ea*    
cov]$ ag5cy1 includ+--  7i7 ! program   
evaluation plan requir$ "u subp>agraph  
7,a72  7ii7 a li/ ( recipi5ts ( aw>ds   
made by an eligible in/itution =        
projects "u ! program by ,/ate2 &  7iii7
 in=mation on ! use by recipi5ts ( aw>ds
 made by an eligible in/itution =       
projects "u ! program4  4