3.0.0 3630 2023-01-11T13:21:43Z 2023-01-11T13:21:43Z Senate S S 2010-07-22 111 ssfi00 Finance Committee Senate Standing Referred to 2010-07-22T16:11:07Z 2010-07-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-07-22 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N L000572 Sen. LeMieux, George S. [R-FL] George LeMieux R FL S. 2010-07-22 True Commerce Education programs funding Government lending and loan guarantees Higher education Income tax credits Manufacturing Research administration and funding Research and development Science and engineering education Technology transfer and commercialization Commerce 00 2010-07-22 Introduced in Senate 2010-11-17T13:48:34Z American Innovation Act of 2010 - Requires institutions of higher education (IHEs) that receive one or more financial assistance grants from the National Science Foundation (NSF) for research to report to the NSF on: (1) the IHE's strategy for commercializing the results of the research; (2) the implementation of such strategy; and (3) the results of its efforts to realize the commercial potential of the research.

Authorizes the Director of the NSF to use funds appropriated to carry out grants to IHEs for the provision of financial support for post-graduate research in fields of study with potential commercial applications to match any private sector grant of financial assistance to any post-doctoral program in such a field.

Authorizes the award of grants to IHEs or their consortia for the establishment or expansion of partnerships (including industry or professional association partnerships) with local or regional private sector entities to provide undergraduate students with private sector internship experiences (including manufacturing sector internships) that connect with their STEM coursework.

Requires National Academy of Sciences (NAS) to initiate a study to evaluate, develop, or improve impact-on-society metrics, including the potential for commercial applications of research studies funded by grants from the NSF or other federal agencies.

Amends the Internal Revenue Code to allow the research tax credit for basic research payments made to certain educational and scientific organizations to be made whether or not such research has a specific commercial objective.

Directs the Secretary of Commerce to establish a program to provide loan guarantees for obligations to borrowers who are small- or medium-sized businesses to assist them in making commercial use of products, processes, or ideas generated by NSF-funded research grants.

]]> American Innovation Act of 2010 Display Title American Innovation Act of 2010 Official Title as Introduced A bill to improve the commercialization potential of National Science Foundation grants, enhance the metrics used to assess such potential, and for other purposes. Introduced in Senate IS Short Titles as Introduced American Innovation Act of 2010 Introduced in Senate 2010-07-22T04:00:00Z 2010-07-22 Read twice and referred to the Committee on Finance. 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.