S. 1235: Expanding Partnerships for Innovation and Competitiveness Act

This bill proposes to establish a new nonprofit entity called the Foundation for Standards and Metrology, aimed at supporting and advancing measurement science and technical standards in the United States. Below are the key provisions and activities outlined in the bill:

Foundation Establishment and Mission

The bill directs the Secretary of Commerce, through the Director of the National Institute of Standards and Technology (NIST), to create the Foundation. Its mission includes:

• Supporting NIST in advancing measurement science and standards.
• Promoting collaboration among researchers, educational institutions, industry, and nonprofits to foster technical standards and emerging technologies.

Activities of the Foundation

The Foundation will engage in various activities, including:

• Supporting international metrology activities.
• Conducting studies and research to develop benchmarks for technical standards.
• Encouraging partnerships with various stakeholders including businesses and government entities.
• Enhancing research facilities at NIST for emerging technologies.
• Facilitating the commercialization of federally sponsored research.
• Promoting educational outreach.
• Providing support to NIST associates, including fellowships and other professional development.

Governance and Structure

The Foundation will have a Board of Directors consisting of appointed members from diverse sectors including academia, the private sector, and nonprofit organizations. Key aspects of governance include:

• Board members will be selected for their expertise and experience related to the Foundation’s mission.
• The Board will be responsible for setting bylaws, strategic objectives, and ensuring compliance with standards of integrity and conduct.
• Members of the Board will serve without compensation but can be reimbursed for necessary expenses.

Funding and Support

The Foundation will have the ability to receive and manage funds, donations, and grants from various sources to support its mission. It is authorized to receive funding from the federal government in the range of $500,000 to $1,250,000 annually.

Reporting and Accountability

The Foundation will be required to submit annual reports detailing its activities, financial condition, and accomplishments. These reports will be made available to the public and relevant congressional committees. Additionally, an evaluation by the Comptroller General will assess the Foundation's performance and operations after five years.

Restrictions and Integrity Measures

The bill includes provisions to ensure ethical conduct, such as:

• Prohibiting employees of the Department of Commerce from being voting members of the Board.
• Developing policies to prevent conflicts of interest and financial improprieties.
• Ensuring the Foundation's operations do not compromise the integrity of federal programs.

Intellectual Property and Non-Liability

The Foundation will establish standards for the ownership and licensing of intellectual property rights developed through its initiatives. Importantly, the U.S. government will not be liable for the Foundation's debts or actions.

Relevant Companies

• NIST (National Institute of Standards and Technology) - Although not a publicly traded company, its initiatives related to standards and technology may have implications for tech companies and research institutions involved in measurement science.