,,ii #aafth ,,congress #ast ,session ,s4 #bjje ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bg1 #bjai,mr4 ,coons 7for himself and ,mr4 ,graham7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to establish the ,,impact for ,energy ,foundation4 #a4 ,short title ,this ,act may be cited as the ,increasing and ,mobilizing ,partnerships to ,achieve ,commercialization of ,technologies for ,energy ,act or the ,,impact for ,energy ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,department ,the term ,department means the ,department of ,energy4 7#b7 ,foundation ,the term ,foundation means the ,,impact for ,energy ,foundation established under section #c7;a74 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,energy4 #c4 ,establishment of ,,impact for ,energy ,foundation 7a7 ,establishment 7#a7 ,in general ,not later than ,february #a1 #bjba1 the ,secretary shall establish a nonprofit corporation to be known as the ,,impact for ,energy ,foundation4 7#b7 ,limitation ,the ,foundation shall not be an agency or instrumentality of the ,federal ,government4 7#c7 ,nonapplicability of ,,faca ,the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 shall not apply to the ,foundation4 7#d7 ,nonprofit status ,the ,foundation shall be an organization described in section #eja7;c7 of the ,internal ,revenue ,code of #aihf and exempt from taxation under section #eja7;a7 of that ,code4 7#e7 ,board of ,directors 7,a7 ,in general ,the ,foundation shall operate under a board of directors4 7,b7 ,initial appointment ,the initial appointment of the board of directors shall be facilitated by the ,secretary4 7,c7 ,composition ,to the maximum extent practicable1 the board of directors shall include representatives from a diverse range of communities1 including-- 7i7 the academic community2 7ii7 the business community2 7iii7 nonprofit organizations2 7iv7 the communities surrounding the laboratories and facilities of the ,department2 and 7v7 the technology transfer and commercialization community4 7,d7 ,restriction on membership ,no employee of the ,department shall be appointed as a member of the board of directors4 7b7 ,purpose2 activities 7#a7 ,purpose ,the purpose of the ,foundation is to channel private sector investments that support efforts to create1 develop1 and commercialize innovative technologies that address energy challenges by methods that include-- 7,a7 fostering collaboration and partnerships with researchers from the ,federal ,government1 ,state governments1 institutions of higher education1 federally funded research and development centers1 industry1 and nonprofit organizations for the research1 development1 or commercialization of transformative energy technologies2 7,b7 leveraging technologies by supporting new product development that supports regional economic development2 and 7,c7 administering prize competitions to accelerate private sector competition and investment4 7#b7 ,activities 7,a7 ,in general ,the ,foundation may solicit and accept gifts1 grants1 and other donations1 establish accounts1 and invest and expend funds in support of the activities and programs described in subparagraphs 7,b7 through 7,d74 7,b7 ,studies1 competitions1 and projects ,the ,foundation may conduct and support studies1 competitions1 projects1 and other activities that further the purpose of the ,foundation described in paragraph 7#a74 7,c7 ,fellowships and grants 7i7 ,award ,the ,foundation may award fellowships and grants for activities relating to research1 development1 prototyping1 maturing1 or commercializing of energy technologies4 7ii7 ,form of award ,a fellowship or grant under clause 7i7 may consist of a stipend1 health insurance benefits1 funds for travel1 and funds for other appropriate expenses4 7iii7 ,selection 7,i7 ,in general ,the ,foundation shall award a fellowship or grant under clause 7i7 based on the technical and commercialization merits of the proposed project4 7,,ii7 ,input ,in selecting recipients of a fellowship or grant under clause 7i71 the ,foundation may consult with potential recipients regarding the ability to carry out various projects that would further the purpose of the ,foundation described in paragraph 7#a74 7iv7 ,federal laboratories ,a ,federal laboratory that applies for or accepts a grant under clause 7i7 shall not be considered to be engaging in a competitive procedure4 7,d7 ,supplementary programs ,the ,foundation may carry out supplementary programs-- 7i7 to conduct and support forums1 meetings1 conferences1 courses1 and training workshops consistent with the purpose of the ,foundation described in paragraph 7#a72 7ii7 to support and encourage the understanding and development of-- 7,i7 data reporting models that promote the translation of technologies from the research stage1 through the development and maturation stage1 and ending in the market stage2 and 7,,ii7 policies that make regulation more effective and efficient by leveraging the technology translation data described in subclause 7,i7 for the regulation of relevant technology sectors2 7iii7 for writing1 editing1 printing1 publishing1 and vending books and other materials relating to research carried out under the ,foundation2 and 7iv7 to conduct other activities to carry out and support the purpose of the ,foundation described in paragraph 7#a74 7,e7 ,authority of foundation ,the ,foundation shall be the sole entity responsible for carrying out the activities described in this paragraph4 7,f7 ,administrative control ,no participant in a program under this paragraph or employee of the ,foundation shall exercise any administrative control over any ,federal employee4 7c7 ,support services ,the ,secretary may provide facilities1 utilities1 and support services to the ,foundation if it is determined by the ,secretary to be advantageous to the research programs of the ,department4 7d7 ,authorization of appropriations ,there are authorized to be appropriated to carry out this section such sums as are necessary for fiscal year #bjbj and each fiscal year thereafter4 #d4 ,establishment of for-profit subsidiaries 7a7 ,establishment ,the ,foundation may establish #a or more for-profit subsidiaries1 including an impact investment fund-- 7#a7 to stimulate economic development activities relating to the purpose of the ,foundation described in section #c7;b77#a72 and 7#b7 to attract for-profit investment partners for technology translation and commercialization activities4 7b7 ,authorities of the for-,profit subsidiary 7#a7 ,in general ,subject to paragraph 7#b71 a for-profit subsidiary established under subsection 7a7 may-- 7,a7 enter into a partnership with an economic development corporation1 including an incubator1 accelerator1 or small business investment company2 7,b7 pay for the cost of building and administering a facility1 including a microlab or incubator1 to support the activities of the ,foundation described in section #c7;b77#b72 and 7,c7 provide funding to a startup4 7#b7 ,cost recovery requirements ,a for-profit subsidiary established under subsection 7a7 shall-- 7,a7 ensure that the ,foundation owns any intellectual property rights generated through activities funded by the for-profit subsidiary1 if appropriate2 and 7,b7 own an equity stake in any startup invested in by the for-profit subsidiary4