,,ii #aaith ,,congress #ast ,session ,s4 #baid ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bf 7legislative day1 ,june #bd71 #bjbe,mr4 ,cornyn 7for himself1 ,mr4 ,warner1 ,mr4 ,kelly1 and ,mr4 ,lankford7 introduced the following bill2 which was read twice and referred to the ,select ,committee on ,intelligence ,a ,,bill ,to establish the ,intelligence ,community ,technology ,bridge ,fund1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,intelligence ,community ,technology ,bridge ,act of #bjbe4 #b4 ,intelligence ,community ,technology ,bridge ,fund 7a7 ,definitions ,in this section3 7#a7 ,congressional intelligence committees ,the term congressional intelligence committees has the meaning given such term in section #c of the ,national ,security ,act of #aidg 7#ej ,u4,s4,c4 #cjjc74 7#b7 ,intelligence community ,the term intelligence community has the meaning given such term in such section4 7#c7 ,nonprofit organization ,the term nonprofit organization means an organization that is described in section #eja7;c77#c7 of the ,internal ,revenue ,code of #aihf and that is exempt from tax under section #eja7;a7 of such ,code4 7b7 ,establishment of fund ,there is established in the ,treasury of the ,united ,states a fund to be known as the ,intelligence ,community ,technology ,bridge ,fund 7in this subsection referred to as the ,fund7 to assist in the transitioning of products or services from the research and development phase to the prototype or production phase4 7c7 ,contents of ,fund ,the ,fund shall consist of amounts appropriated to the ,fund1 and amounts in the ,fund shall remain available until expended4 7d7 ,availability and use of ,fund 7#a7 ,in general ,subject to paragraph 7#c71 amounts in the ,fund shall be available to the ,director of ,national ,intelligence to make available to the heads of the elements of the intelligence community to provide assistance to a business or nonprofit organization that is transitioning a product or service to the prototype or production phase as a means of advancing government acquisitions of the product or service4 7#b7 ,types of assistance ,assistance provided under paragraph 7#a7 may be distributed as funds in the form of a grant1 a payment for a product or service1 or a payment for equity4 7#c7 ,requirements for funds ,assistance may be provided under paragraph 7#a7 to a business or nonprofit organization that is transitioning a product or service only if-- 7,a7 the business or nonprofit organization is under contract1 agreement1 or other engagement with an element of the intelligence community for research and development2 and 7,b7 the ,director of ,national ,intelligence or the head of an element of the intelligence community attests that the product or service will be utilized by an element of the intelligence community for a mission need1 such as because it would be valuable in addressing a needed capability1 fill or complement a technology gap1 or increase the supplier base or price-competitiveness for the ,federal ,government4 7#d7 ,priority for small business concerns and nontraditional contractors ,in providing assistance under paragraph 7#a71 the ,director shall limit the provision of assistance to small business concerns 7as defined under section #c7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7;a777 and nontraditional defense contractors 7as defined in section #cjad of title #aj1 ,united ,states ,code74 7e7 ,administration of ,fund 7#a7 ,in general ,the ,fund shall be administered by the ,director of ,national ,intelligence4 7#b7 ,consultation ,in administering the ,fund1 the ,director-- 7,a7 shall consult with the heads of the elements of the intelligence community2 and 7,b7 may consult with the ,defense ,advanced ,research ,projects ,agency1 ,intelligence ,advanced ,research ,projects ,activity1 ,national ,laboratories intelligence community laboratories1 the ,north ,atlantic ,treaty ,organization ,investment ,fund1 the ,defense ,innovation ,unit1 and such other entities as the ,director deems appropriate4 7f7 ,annual reports 7#a7 ,in general ,not later than ,september #cj1 #bjbf1 and each fiscal year thereafter1 the ,director shall submit to the congressional intelligence committees a report on the ,fund4 7#b7 ,contents ,each report submitted pursuant to paragraph 7#a7 shall include1 for the period covered by the report1 information about the following3 7,a7 ,how much was expended or obligated using amounts from the ,fund4 7,b7 ,for what the amounts were expended or obligated4 7,c7 ,the effects of such expenditures and obligations4 7,d7 ,a summary of annual transition activities and outcomes of such activities for the intelligence community4 7g7 ,authorization of appropriations 7#a7 ,in general ,subject to paragraph 7#b71 there is authorized to be appropriated to the ,fund #ge1jjj1jjj for fiscal year #bjbf and for each fiscal year thereafter4 7#b7 ,limitation ,the amount in the ,fund shall not exceed #ge1jjj1jjj at any time4