,,ii  #aag? ,,congress  #a/ ,session    
,s4 #cjif  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bh1 #bjba,mr4 
,kelly 7= himself1 ,ms4 ,coll9s1 ,mrs4  
,fe9/e91 & ,mr4 ,wyd57 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,heal?1 ,education1  
,labor1 & ,p5sions  ,a ,,bill  ,to make 
am5dm5ts to ! ,b>ry ,goldwat] ,s*ol>%ip 
& ,excell5ce 9 ,education ,act4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,b>ry ,goldwat] ,s*ol>%ip & ,excell5ce 9
 ,education ,mod]nization ,act4  #b4    
,am5dm5ts to ! ,b>ry ,goldwat] ,s*ol>%ip
 & ,excell5ce 9 ,education ,act  7a7    
,cl>ify+ am5dm5ts to def9itions ,section
 #adjc ( ! ,b>ry ,goldwat] ,s*ol>%ip &  
,excell5ce 9 ,education ,act 7#bj       
,u4,s4,c4 #dgjb7 is am5d$-- 7#a7 by     
/rik+ p>agraph 7#e7 & ins]t+ ! foll[+3  
7#e7 ,! t]m ,/ate means ea* ( ! #ej     
,/ates1 ! ,di/rict ( ,columbia1 !       
,commonweal? ( ,pu]to ,rico1 ,guam1 !   
,unit$ ,/ates ,virg9 ,isl&s1 ,am]ican   
,samoa1 ! ,commonweal? ( ! ,nor!rn      

,m>ianas1 ! ,republic ( ! ,m>%all       
,isl&s1 ! ,f$]at$ ,/ates ( ,micronesia1 
& ! ,republic ( ,palau4  2 &  7#b7 9    
p>agraph 7#f7 by ins]t+ 1 a resid5t ( a 
,/ate1 aft] national ( ! ,unit$ ,/ates4 
7b7 ,b>ry ,goldwat] ,s*ol>%ip &         
,excell5ce 9 ,education aw>ds  7#a7     
,section #adje7;a7 ( ! ,b>ry ,goldwat]  
,s*ol>%ip & ,excell5ce 9 ,education     
,program 7#bj ,u4,s4,c4 #dgjd7;a77 is   
am5d$-- 7,a7 9 ! subsection head+1 by   
/rik+ aw>d ( s*ol>%ips & fell[%ips &    
ins]t+ aw>d ( s*ol>%ips1 fell[%ips1 &   
rese>* int]n%ips2  7,b7 9 p>agraph      
7#a7-- 7i7 by /rik+ s*ol>%ips &         
fell[%ips & ins]t+ s*ol>%ips1 fell[%ips1
 & rese>* int]n%ips ea* place ! t]m     
appe>s2 &  7ii7 by /rik+ sci5ce &       
ma!matics & ins]t+ ! natural sci5ces1   
eng9e]+1 & ma!matics2  7,c7 9 p>agraph  
7#b71 by /rik+ ma!matics & ! natural    
sci5ces & ins]t+ ! natural sci5ces1     
eng9e]+1 & ma!matics2  7,d7 9 p>agraph  
7#c71 by /rik+ ma!matics & ! natural    
sci5ces & ins]t+ ! natural sci5ces1     

eng9e]+1 & ma!matics2  7,e7 by          
r$esignat+ p>agraph 7#d7 z p>agraph     
7#e72  7,f7 9 p>agraph 7#e71 z s        
r$esignat$1 by /rik+ s*ol>%ips &        
fell[%ips & ins]t+ s*ol>%ips1 fell[%ips1
 & rese>* int]n%ips2 &  7,g7 by ins]t+  
aft] p>agraph 7#c7 ! foll[+3  7#d7      
,rese>* int]n%ips %all be aw>d$ to      
out/&+ und]graduate /ud5ts :o int5d to  
pursue c>e]s 9 ! natural sci5ces1       
eng9e]+1 & ma!matics1 :i* %all be       
prioritiz$ = /ud5ts att5d+ community    
colleges4  4  7#b7 ,section #adje7;b7 ( 
! ,b>ry ,goldwat] ,s*ol>%ip & ,excell5ce
 9 ,education ,program 7#bj ,u4,s4,c4   
#dgjd7;b77 is am5d$ by add+ at ! end !  
foll[+3 ,recipi5ts ( rese>* int]n%ips "u
 ?is title %all be kn[n z ,b>ry         
,goldwat] ,int]ns44  7c7 ,/ip5ds        
,section #adjf ( ! ,b>ry ,goldwat]      
,s*ol>%ip & ,excell5ce 9 ,education ,act
 7#bj ,u4,s4,c4 #dgje7 is am5d$ by add+ 
at ! end ! foll[+3 ,ea* p]son aw>d$ a   
rese>* int]n%ip "u ?is title %all       
receive a /ip5d z may be prescrib$ by ! 

,bo>d1 :i* %all n exce$ ! maximum /ip5d 
am\nt aw>d$ = a s*ol>%ip or fell[%ip44  
7d7 ,s*ol>%ip & rese>* int]n%ip         
conditions ,section #adjg ( ! ,b>ry     
,goldwat] ,s*ol>%ip & ,excell5ce 9      
,education ,act 7#bj ,u4,s4,c4 #dgjf7 is
 am5d$-- 7#a7 9 ! section head+1 by     
ins]t+ & rese>* int]n%ip aft] s*ol>%ip2 
7#b7 9 subsection 7a71 by /rik+ !       
subsection head+ & ins]t+ ,s*ol>%ip     
conditions2  7#c7 9 subsection 7b71 by  
/rik+ ! subsection head+ & ins]t+       
,reports on s*ol>%ips2 &  7#d7 by ins]t+
 at ! end ! foll[+3  7c7 ,rese>*        
int]n%ip conditions ,a p]son aw>d$ a    
rese>* int]n%ip "u ?is title may receive
 paym5ts au?oriz$ "u ?is title only dur+
 su* p]iods z ! ,f\ndation f9ds t !     
p]son is ma9ta9+ satisfactory pr(ici5cy 
& is n engag+ 9 ga9ful employm5t o!r ?an
 employm5t approv$ by ! ,f\ndation      
pursuant to regulations ( ! ,bo>d4  7d7 
,reports on rese>* int]n%ips ,!         
,f\ndation may require reports conta9+  
su* in=mation 9 su* =m & to be fil$ at  

su* times z ! ,f\ndation det]m9es to be 
necess>y f any p]son aw>d$ a rese>*     
int]n%ip "u ?is title4 ,su* reports may 
be accompani$ by a c]tificate f an      
appropriate (ficial at ! in/itution (   
high] education or int]n%ip employ]1    
approv$ by ! ,f\ndation1 /at+ t su*     
p]son is ma9ta9+ satisfactory progress 9
 ! int]n%ip1 & is n engag$ 9 ga9ful     
employm5t1 except z o!rwise provid$ 9   
subsection 7c74  4  7e7 ,su/a9able      
inve/m5ts ( funds ,section #adjh ( !    
,b>ry ,goldwat] ,s*ol>%ip & ,excell5ce 9
 ,education ,act 7#bj ,u4,s4,c4 #dgjg7  
is am5d$-- 7#a7 9 subsection 7a71 by    
/rik+ subsection 7d7 & ins]t+ subsection
 7f72  7#b7 by r$esignat+ subsections   
7c7 & 7d7 z subsections 7e7 & 7f71      
respectively2 &  7#c7 by ins]t+ aft]    
subsection 7b7 ! foll[+3  7c7 ,inve/m5t 
9 securities ,not)/&+ subsection 7b71 ! 
,secret>y ( ! ,treasury may inve/ n m   
?an #dj p]c5t ( ! fund's assets 9       
securities o!r ?an public debt          
securities ( ! ,unit$ ,/ates1 if-- 7#a7 

! ,secret>y receives a det]m9ation f !  
,bo>d t su* inve/m5ts are necess>y to   
enable ! ,f\ndation to c>ry out !       
purposes ( ?is title2 &  7#b7 !         
securities 9 :i* su* funds are inve/$   
are trad$ 9 e/abli%$ ,unit$ ,/ates      
m>kets4  7d7 ,con/ruction ,no?+ 9 ?is   
section %all be con/ru$ to limit !      
au?ority ( ! ,bo>d to increase ! numb] (
 s*ol>%ips provid$ "u section #adje1 or 
to increase ! am\nt ( ! /ip5d au?oriz$  
by section #adjf1 z ! ,bo>d consid]s    
appropriate & is o!rwise consi/5t ) !   
requirem5ts ( ?is title4  4  7f7        
,adm9i/rative provisions ,section       
#adaa7;a7 ( ! ,b>ry ,goldwat] ,s*ol>%ip 
& ,excell5ce 9 ,education ,act 7#bj     
,u4,s4,c4 #dgaj7;a77 is am5d$-- 7#a7 by 
/rik+ p>agraph 7#a7 & ins]t+ ! foll[+3  
7#a7 appo9t & fix ! rates ( basic pay ( 
su* p]sonnel 79 addition to ! ,executive
 ,secret>y appo9t$ "u section #adaj7 z  
may be necess>y to c>ry out ! provisions
 ( ?is *apt]1 )\t reg>d to ! provisions 
9 *apt] #cc ( title #e1 ,unit$ ,/ates   

,code1 gov]n+ appo9tm5t 9 ! competitive 
s]vice or ! provisions ( *apt] #ea &    
sub*apt] ,,iii ( *apt] #ec ( su* title1 
except t-- 7,a7 a rate ( basic pay set  
"u ?is p>agraph may n exce$ ! maximum   
rate provid$ = employees 9 grade        
,,gs-#ae ( ! ,g5]al ,s*$ule "u section  
#eccb ( title #e1 ,unit$ ,/ates ,code2 &
  7,b7 ! employee %all be entitl$ to !  
applicable locality-bas$ comp>ability   
paym5t "u section #ecjd ( title #e1     
,unit$ ,/ates ,code1 subject to !       
applicable limitation e/abli%$ "u       
subsection 7g7 ( su* section2  2  7#b7 9
 p>agraph 7#b7 by /rik+ grade ,,gs-#ah  
"u section #eccb ( su* title & ins]t+   
level ,,iv ( ! ,executive ,s*$ule2  7#c7
 9 p>agraph 7#g71 by /rik+ & at ! end2  
7#d7 by r$esignat+ p>agraph 7#h7 z      
p>agraph 7#aj72 &  7#e7 by ins]t+ aft]  
p>agraph 7#g7 ! foll[+3  7#h7 exp5d n m 
?an #e p]c5t ( ! ,f\ndation's annual    
op]at+ budget on programs t1 9 addition 
to or 9 conjunction ) ! ,f\ndation's    
s*ol>%ip f9ancial aw>ds1 support !      

developm5t ( ,b>ry ,goldwat] ,s*ol>s &  
,b>ry ,goldwat] int]ns ?r\gh\t _!       
pr(essional c>e]s2  7#i7 exp5d n m ?an  
#e p]c5t ( ! ,f\ndation's annual op]at+ 
budget to pay ! co/s associat$ )        
fundrais+ activities1 includ+ public &  
private ga!r+s2 &  4