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New Foundation to Boost US Innovation, Standards, and Economic Competitiveness.

This law establishes the non-profit Foundation for Standards and Metrology within the National Institute of Standards and Technology (NIST). Its mission is to accelerate the development of technical standards and emerging technologies by fostering collaboration between NIST, industry, and academia. The Foundation aims to strengthen the US economy and ensure American products remain innovative and globally competitive.
Key points
Creation of a non-profit Foundation linked to NIST to support research, technical standards development, and technology commercialization.
The Foundation will raise private and public funds to expand research facilities and provide direct support (grants, fellowships) to scientists.
The goal is to enhance US economic security and accelerate innovation, potentially leading to safer, higher-quality products and new job opportunities.
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Additional Information
Print number: 118_HR_8673
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2024-06-07