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Foundation for Standards and Metrology: Boosting US Innovation and Competitiveness

This Act establishes a new, independent non-profit organization, the Foundation for Standards and Metrology, affiliated with the National Institute of Standards and Technology (NIST). The Foundation's mission is to accelerate the advancement of measurement science, technical standards, and the commercialization of emerging technologies in the US. While not a government agency, its work aims to enhance economic security and prosperity, potentially leading to faster market introduction of innovative products and improved quality and safety of technologies used by citizens.
Key points
Foundation Establishment: Creation of the Foundation for Standards and Metrology as a non-profit entity to support the mission of NIST.
Technology Advancement: The Foundation will accelerate the development of technical standards, measurement science, and the commercialization of federally funded research, crucial for a modern economy.
Funding and Oversight: The Foundation can accept private donations (excluding those from foreign entities of concern) and receive annual transfers from NIST (between $500,000 and $1,250,000).
Governance and Transparency: The Foundation will be governed by a Board of Directors and is subject to audits and transparency requirements, including the publication of annual reports.
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Additional Information
Print number: 118_S_4639
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2024-07-08
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OFFICIAL LEGAL TITLE

Expanding Partnerships for Innovation and Competitiveness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4639.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-08.

What are the main provisions?

Key points include:

  • Foundation Establishment: Creation of the Foundation for Standards and Metrology as a non-profit entity to support the mission of NIST.
  • Technology Advancement: The Foundation will accelerate the development of technical standards, measurement science, and the commercialization of federally funded research, crucial for a modern economy.
  • Funding and Oversight: The Foundation can accept private donations (excluding those from foreign entities of concern) and receive annual transfers from NIST (between $500,000 and $1,250,000).
  • Governance and Transparency: The Foundation will be governed by a Board of Directors and is subject to audits and transparency requirements, including the publication of annual reports.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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