,,ii  #aaith ,,congress  #b;d ,session  
,s4 #eaih  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #cj1     
#bjbf,mr4 ,young 7for himself and ,mr4  
,coons7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,commerce1 ,science1 and 
,transportation  ,a ,,bill  ,to amend   
the ,stevenson-,wydler ,technology      
,innovation ,act of #aihj to reauthorize
 the regional innovation program1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,build to
 ,scale ,reauthorization ,act of #bjbf4 
#b4 ,reauthorization of regional        
innovation program  7a7 ,in general     
,section #bg of the ,stevenson-,wydler  
,technology ,innovation ,act of #aihj   
7#ae ,u4,s4,c4 #cgbb7 is amended-- 7#a7 
in subsection 7a7-- 7,a7 in paragraph   
7#b7-- 7i7 in subparagraph 7,e71 by     
striking and2  7ii7 in subparagraph     
7,f71 by striking the period and        
inserting 2 and2 and  7iii7 by adding at
 the end the following new subparagraph3

  7,g7 increase access to capital to    
invest in innovation-based business     
ventures in the geographic region4  2   
and  7,b7 by amending paragraph 7#d7 to 
read as follows3  7#d7 ,venture         
development organization ,the term      
venture development organization means a
 ,state or nonprofit organization that  
has a measured1 geographically defined1 
economic development purpose within its 
core mission and contributes to regional
 or sector-based economic prosperity by 
providing the following3 7,a7 ,direct   
financing to private innovation-centered
 businesses4  7,b7 ,services to         
accelerate the commercialization of     
research4  7,c7 ,entrepreneurial support
 tailored to innovation-centered        
founders1 start-ups1 and businesses     
within the geographic areas of service  
of such founders1 start-ups1 and        
businesses1 as the case may be4  2  7#b7
 in subsection 7b71 by striking         
strategies and inserting initiatives2   
7#c7 in subsection 7c7-- 7,a7 in        

paragraph 7#a7-- 7i7 by inserting and   
subject to the availability of          
appropriations after pursuant to        
subsection 7b72 and  7ii7 by striking   
may and inserting shall2  7,b7 by       
striking paragraph 7#d77;,d72  7,c7 by  
amending paragraph 7#e7 to read as      
follows3  7#e7 ,cost share ,the ,federal
 share of the cost of any activity      
funded under this subsection shall not  
exceed #ej percent1 plus an additional  
amount that-- 7,a7 shall not exceed #dj 
percent2 and  7,b7 is based on the      
relative needs of the area in which the 
activity at issue will be funded1 as    
determined in accordance with           
regulations promulgated by the          
,secretary4  2 and  7,d7 by amending    
paragraph 7#f7 to read as follows3  7#f7
 ,outreach ,the ,secretary shall conduct
 outreach to encourage participation in 
regional innovative initiatives under   
this subsection by public and private   
sector entities-- 7,a7 in-- 7i7 rural   
communities2  7ii7 communities          

negatively impacted by trade2  7iii7    
areas with persistent economic distress2
 or  7,b7 that agree to collaborate with
 local workforce investment area boards 
to carry out workforce or training      
related activities4  2  7#d7 in         
subsection 7d77#d7-- 7,a7 by amending   
the heading to read as follows3 ,data   
sources2 and  7,b7 by inserting and the 
,regional ,technology and ,innovation   
,hub ,program under section #bh after   
subsection 7c72  7#e7 in subsection     
7e7-- 7,a7 in paragraph 7#a71 by        
striking or at and inserting 1 the      
,department of ,energy1 the ,national   
,science ,foundation1 and2 and  7,b7 in 
paragraph 7#b77;,a71 by striking        
strategies and inserting initiatives and
 activities carried out pursuant to     
subsection 7d72 and  7#f7 by amending   
subsection 7h7 to read as follows3  7h7 
,funding  7#a7 ,use of unobligated funds
 ,notwithstanding any other provision of
 law relating to the availability of    
funds to carry out this section1 the    

,secretary may obligate and expend any  
amounts appropriated or otherwise       
available to carry out this section for 
any previous fiscal year that remains   
unobligated as of the date of the       
enactment of this subsection4  7#b7     
,future authority ,there is authorized  
to be appropriated to the ,secretary to 
carry out this section #ej1jjj1jjj for  
each of fiscal years #bjbf through      
#bjcj4  4  7b7 ,notice of funding       
opportunity ,not later than #ij days    
after the date of the enactment of this 
,act1 the ,secretary of ,commerce shall 
issue a notice of funding opportunity   
with respect to the regional innovation 
program established under section       
#bg7;b7 of the ,stevenson-,wydler       
,technology ,innovation ,act of #aihj   
7#ae ,u4,s4,c4 #cgbb7;b771 as amended by
 subsection 7a74