3.0.0 1371 2023-01-11T16:47:42Z 2023-01-11T16:47:42Z Senate S S 2007-05-11 110 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2007-05-11T16:09:28Z 2007-05-11 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2007-05-11 Introduced in Senate IntroReferral 10000 9 Library of Congress P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford N Science, Technology, Communications Awards, medals, prizes Commemorations Commercialization Government Operations and Politics Government publicity Research and development Technological innovations Science, Technology, Communications 00 2007-05-11 Introduced in Senate 2007-07-23T22:15:54Z Reward Innovation in America Act - Establishes a National Innovation Prizes Board in the Department of Commerce, which shall develop and administer a program of competitions to award innovation prizes to eligible individuals and entities to advance the research, development, and commercial application of innovative technologies.

Requires the Secretary of Commerce to submit a plan for implementing such program. Requires that there be two categories of prizes: (1) 21st Century Innovation Prizes, which shall be awarded in multiple competitions in different research areas; and (2) Innovate America Grand Challenge Prizes, which shall be awarded in large, highly complex, and expensive competitions that are held every two to four years and address research objectives well beyond the current state of the art and that are intended to become integral to major changes in complex socio-technological systems. Requires the Board to determine the amount of each prize for each competition.

Instructs the Board to: (1) advertise competitions widely to encourage broad participation; and (2) publish notices of competitions in the Federal Register.

Authorizes the Board to enter into an agreement with a private, nonprofit organization to administer competitions.

Specifies that prizes awarded under the program shall consist of: (1) funds authorized to be appropriated pursuant to this Act; and (2) any funds raised by the administering entity to pay for administrative costs of competitions and to contribute to cash prizes.

Requires the Secretary to submit annual reports describing the activities of the program.

]]> Reward Innovation in America Act Display Title Reward Innovation in America Act Official Title as Introduced A bill to establish a program to award innovation prizes to individuals and entities for researching and developing innovative technologies, and for other purposes. Introduced in Senate IS Short Titles as Introduced Reward Innovation in America Act Introduced in Senate 2007-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1371is/xml/BILLS-110s1371is.xml 2007-05-11 Read twice and referred to the Committee on Commerce, Science, and Transportation. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.