,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bjje  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bg1 #bjai,mr4   
,coons 7= himself & ,mr4 ,graham7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
e/abli% ! ,,impact = ,en]gy ,f\ndation4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,increas+ & ,mobiliz+ ,p>tn]%ips to   
,a*ieve ,comm]cialization ( ,te*nologies
 = ,en]gy ,act or ! ,,impact = ,en]gy   
,act4  #b4 ,def9itions ,9 ?is ,act3     
7#a7 ,dep>tm5t ,! t]m ,dep>tm5t means ! 
,dep>tm5t ( ,en]gy4  7#b7 ,f\ndation ,! 
t]m ,f\ndation means ! ,,impact = ,en]gy
 ,f\ndation e/abli%$ "u section #c7;a74 
7#c7 ,secret>y ,! t]m ,secret>y means ! 
,secret>y ( ,en]gy4  #c4 ,e/abli%m5t (  
,,impact = ,en]gy ,f\ndation  7a7       
,e/abli%m5t  7#a7 ,9 g5]al ,n lat] ?an  
,febru>y #a1 #bjba1 ! ,secret>y %all    
e/abli% a nonpr(it corporation to be    
kn[n z ! ,,impact = ,en]gy ,f\ndation4  
7#b7 ,limitation ,! ,f\ndation %all n be

 an ag5cy or in/rum5tality ( ! ,f$]al   
,gov]nm5t4  7#c7 ,nonapplicability (    
,,faca ,! ,f$]al ,advisory ,committee   
,act 7#e ,u4,s4,c4 ,app47 %all n apply  
to ! ,f\ndation4  7#d7 ,nonpr(it /atus  
,! ,f\ndation %all be an organization   
describ$ 9 section #eja7;c7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf & exempt f       
taxation "u section #eja7;a7 ( t ,code4 
7#e7 ,bo>d ( ,directors  7,a7 ,9 g5]al  
,! ,f\ndation %all op]ate "u a bo>d (   
directors4  7,b7 ,initial appo9tm5t ,!  
initial appo9tm5t ( ! bo>d ( directors  
%all be facilitat$ by ! ,secret>y4  7,c7
 ,composition ,to ! maximum ext5t       
practicable1 ! bo>d ( directors %all    
include repres5tatives f a div]se range 
( communities1 includ+--  7i7 ! academic
 community2  7ii7 ! bus9ess community2  
7iii7 nonpr(it organizations2  7iv7 !   
communities surr\nd+ ! laboratories &   
facilities ( ! ,dep>tm5t2 &  7v7 !      
te*nology transf] & comm]cialization    
community4  7,d7 ,re/riction on memb]%ip
 ,no employee ( ! ,dep>tm5t %all be     

appo9t$ z a memb] ( ! bo>d ( directors4 
7b7 ,purpose2 activities  7#a7 ,purpose 
,! purpose ( ! ,f\ndation is to *annel  
private sector inve/m5ts t support ef=ts
 to create1 develop1 & comm]cialize     
innovative te*nologies t address en]gy  
*all5ges by me?ods t include--  7,a7    
fo/]+ collaboration & p>tn]%ips )       
rese>*]s f ! ,f$]al ,gov]nm5t1 ,/ate    
gov]nm5ts1 in/itutions ( high]          
education1 f$]ally fund$ rese>* &       
developm5t c5t]s1 indu/ry1 & nonpr(it   
organizations = ! rese>*1 developm5t1 or
 comm]cialization ( trans=mative en]gy  
te*nologies2  7,b7 lev]ag+ te*nologies  
by support+ new product developm5t t    
supports regional economic developm5t2 &
  7,c7 adm9i/]+ prize competitions to   
accel]ate private sector competition &  
inve/m5t4  7#b7 ,activities  7,a7 ,9    
g5]al ,! ,f\ndation may solicit & accept
 gifts1 grants1 & o!r donations1 e/abli%
 acc\nts1 & inve/ & exp5d funds 9       
support ( ! activities & programs       
describ$ 9 subp>agraphs 7,b7 ?r\gh 7,d74

  7,b7 ,/udies1 competitions1 & projects
 ,! ,f\ndation may conduct & support    
/udies1 competitions1 projects1 & o!r   
activities t fur!r ! purpose ( !        
,f\ndation describ$ 9 p>agraph 7#a74    
7,c7 ,fell[%ips & grants  7i7 ,aw>d ,!  
,f\ndation may aw>d fell[%ips & grants =
 activities relat+ to rese>*1           
developm5t1 prototyp+1 matur+1 or       
comm]cializ+ ( en]gy te*nologies4  7ii7 
,=m ( aw>d ,a fell[%ip or grant "u      
clause 7i7 may consi/ ( a /ip5d1 heal?  
insurance b5efits1 funds = travel1 &    
funds = o!r appropriate exp5ses4  7iii7 
,selection  7,i7 ,9 g5]al ,! ,f\ndation 
%all aw>d a fell[%ip or grant "u clause 
7i7 bas$ on ! te*nical &                
comm]cialization m]its ( ! propos$      
project4  7,,ii7 ,input ,9 select+      
recipi5ts ( a fell[%ip or grant "u      
clause 7i71 ! ,f\ndation may consult )  
pot5tial recipi5ts reg>d+ ! ability to  
c>ry out v>i\s projects t w\ld fur!r !  
purpose ( ! ,f\ndation describ$ 9       
p>agraph 7#a74  7iv7 ,f$]al laboratories

 ,a ,f$]al laboratory t applies = or    
accepts a grant "u clause 7i7 %all n be 
consid]$ to be engag+ 9 a competitive   
proc$ure4  7,d7 ,supplem5t>y programs ,!
 ,f\ndation may c>ry out supplem5t>y    
programs-- 7i7 to conduct & support     
=ums1 meet+s1 conf]5ces1 c\rses1 & tra9+
 work%ops consi/5t ) ! purpose ( !      
,f\ndation describ$ 9 p>agraph 7#a72    
7ii7 to support & enc\rage ! und]/&+ &  
developm5t (-- 7,i7 data report+ models 
t promote ! translation ( te*nologies f 
! rese>* /age1 ?r\gh ! developm5t &     
maturation /age1 & end+ 9 ! m>ket /age2 
&  7,,ii7 policies t make regulation m  
effective & effici5t by lev]ag+ !       
te*nology translation data describ$ 9   
subclause 7,i7 = ! regulation ( relevant
 te*nology sectors2  7iii7 = writ+1     
edit+1 pr9t+1 publi%+1 & v5d+ books &   
o!r mat]ials relat+ to rese>* c>ri$ out 
"u ! ,f\ndation2 &  7iv7 to conduct o!r 
activities to c>ry out & support !      
purpose ( ! ,f\ndation describ$ 9       
p>agraph 7#a74  7,e7 ,au?ority (        

f\ndation ,! ,f\ndation %all be ! sole  
entity responsible = c>ry+ out !        
activities describ$ 9 ?is p>agraph4     
7,f7 ,adm9i/rative control ,no          
p>ticipant 9 a program "u ?is p>agraph  
or employee ( ! ,f\ndation %all ex]cise 
any adm9i/rative control ov] any ,f$]al 
employee4  7c7 ,support s]vices ,!      
,secret>y may provide facilities1       
utilities1 & support s]vices to !       
,f\ndation if x is det]m9$ by !         
,secret>y to be advantage\s to ! rese>* 
programs ( ! ,dep>tm5t4  7d7            
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to c>ry out  
?is section su* sums z are necess>y =   
fiscal ye> #bjbj & ea* fiscal ye>       
!reaft]4  #d4 ,e/abli%m5t ( =-pr(it     
subsidi>ies  7a7 ,e/abli%m5t ,!         
,f\ndation may e/abli% #a or m =-pr(it  
subsidi>ies1 includ+ an impact inve/m5t 
fund--  7#a7 to /imulate economic       
developm5t activities relat+ to !       
purpose ( ! ,f\ndation describ$ 9       
section #c7;b77#a72 &  7#b7 to attract  

=-pr(it inve/m5t p>tn]s = te*nology     
translation & comm]cialization          
activities4  7b7 ,au?orities ( !        
=-,pr(it subsidi>y  7#a7 ,9 g5]al       
,subject to p>agraph 7#b71 a =-pr(it    
subsidi>y e/abli%$ "u subsection 7a7    
may-- 7,a7 ent] into a p>tn]%ip ) an    
economic developm5t corporation1 includ+
 an incubator1 accel]ator1 or small     
bus9ess inve/m5t company2  7,b7 pay = ! 
co/ ( build+ & adm9i/]+ a facility1     
includ+ a microlab or incubator1 to     
support ! activities ( ! ,f\ndation     
describ$ 9 section #c7;b77#b72 &  7,c7  
provide fund+ to a />tup4  7#b7 ,co/    
recov]y requirem5ts ,a =-pr(it subsidi>y
 e/abli%$ "u subsection 7a7 %all--  7,a7
 ensure t ! ,f\ndation owns any         
intellectual prop]ty rights g5]at$ ?r\gh
 activities fund$ by ! =-pr(it          
subsidi>y1 if appropriate2 &  7,b7 own  
an equity /ake 9 any />tup inve/$ 9 by !
 =-pr(it subsidi>y4