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Goldwater Scholarships: New Research Internships and Expanded Student Support

This act amends the Barry Goldwater Scholarship program, expanding it to include research internships for students in natural sciences, engineering, and mathematics, with a focus on community college students. This increases funding opportunities for education and career development for young talents in key scientific fields. Additionally, the act clarifies rules for fund investments and personnel management, aiming to streamline program operations.
Key points
New Research Internships: The Goldwater Scholarship program will now offer research internships for students, especially those from community colleges, pursuing careers in natural sciences, engineering, and mathematics.
Financial Support: Research internship recipients will receive stipends, helping them cover education and research-related costs.
Expanded Definitions: The definition of "State" has been updated to include more U.S. territories, broadening the pool of potential program beneficiaries.
Investment Flexibility: The program's fund can now invest up to 40% of its assets in securities other than U.S. public debt, potentially increasing its financial stability and capacity to support students.
Career Support: The Foundation can allocate up to 5% of its annual operating budget to programs supporting the professional development of Goldwater Scholars and Interns after their education.
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Additional Information
Print number: 117_S_3096
Sponsor: Sen. Kelly, Mark [D-AZ]
Process start date: 2021-10-28