H.R. 8673, Expanding Partnerships for Innovation and Competitiveness Act
As ordered reported by the House Committee on Science, Space, and Technology on June 13, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
0
0
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
0
0
Spending Subject to Appropriation (Outlays)
*
1
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
No
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between zero and $500,000.
Summary
H.R. 8673 would require the National Institute of Standards and Technology (NIST) to establish a nonprofit corporation called the Foundation for Standards and Metrology. That nongovernmental foundation would support related research, help expand and improve NIST facilities, and advance the commercialization of federally funded research. Beginning in 2025, the bill would authorize NIST to transfer annually to the foundation between $500,000 and $1.25 million from amounts previously authorized to be appropriated to the agency under section 10211 of Public Law 117-167; that section authorized the appropriation of $2 billion for NIST for 2025, $2.2 billion for 2026, and $2.3 billion for 2027. Finally, H.R. 8673 would require the Government Accountability Office (GAO) to report to the Congress on the foundation’s operations no later than five years after the foundation is established.
