1.Short
title; table of contents
(a)This Act may be cited
as the Innovate America
Act
.
(b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of
contents.
Sec. 2. Findings.
TITLE I—Research and Development
Sec. 101. Simplification of tax credit for contributions to
universities for research and development purposes.
Sec. 102. Credit for charitable contributions of equipment to
secondary schools and technical and community colleges.
TITLE II—Lending to small- and medium-sized high growth
technology companies
Sec. 201. Innovative Technology Development Loan Guarantee
Program.
TITLE III—Education
Sec. 301. Definitions.
Sec. 302. Increasing funding for STEM secondary
schools.
Sec. 303. Grants to institutions of higher education for
retaining STEM students.
Sec. 304. Expanding undergraduate research
opportunities.
Sec. 305. Internet website promoting commercialization of
technology ideas invented by federally funded researchers.
Sec. 306. Technology Commercialization Awards Pilot
Program.
TITLE IV—Manufacturing and export promotions
Sec. 401. Manufacturing assistance program for small- and
medium-sized manufacturers in the United States.
Sec. 402. Removing barriers for exporting industries in the
United States.
Sec. 403. Improving access to international
markets.
TITLE V—Offsets
Sec. 501. Limitation on Government printing costs.
Sec. 502. Eliminating bonuses for poor performance by
Government contractors.
2.Congress finds the following:
(1)Innovation has
historically been a catalyzing force in the American economy, driving the
production of game-changing technologies, the creation of millions of jobs and
the opening of countless new avenues for growth. In an increasingly competitive
global economy, our Nation’s continued leadership and prosperity will hinge on
progress in key innovative areas, most notably exporting, entrepreneurship,
research and development, and education in science, technology, engineering,
and mathematics (STEM);
(2)Start-up
companies create the lion’s share of new technologies. Increasing the flow of
capital to these firms would bridge the gap that often exists between their
initial startup costs and their long-term capital needs, giving the firms the
resources necessary to research, develop and commercialize new products.
(3)Simplifying,
expanding and stabilizing the tax credits that businesses and institutions of
higher education rely on to offset the cost of research and would promote
greater clarity in the Internal Revenue Code of 1986 and deliver a powerful
incentive for private sector innovation.
(4)Increasing the
emphasis on STEM education in high schools and institutions of higher education
would ensure that more students have the skills and training to not only
compete for jobs in a 21st century economy, but also to create the startup
companies and revolutionary technologies that will sustain American prosperity
for centuries to come.
(5)An effective
regulatory climate should protect consumers and promote transparency without
overburdening the businesses that create jobs. Federal agencies with rulemaking
authority should be vigilant in assessing the impact of new regulations on
innovation and job creation, particularly in anchor industries like
manufacturing.
(6)The economic
impact of a new product or technology is often dependent on its commercial
success. To ensure American products can be bought and sold in markets around
the world, the government should identify and remove over burdensome
regulations that create barriers for United States exporting companies.
(7)Comprehensive and
fair trade agreements are vital to the United States’ ability to export. The
Federal Government should ardently work towards ratifying trade agreements with
foreign countries that benefit the citizens and industries of the United
States.
<enum>I</enum><header>Research and
Development</header>
<section id="id28156348D4A94FEEBD679927F79E473F" section-type="subsequent-section"><enum>101.</enum><header>Simplification of
tax credit for contributions to universities for research and development
purposes</header>
<subsection id="id43D0E08387264E0585ADFB801DB05005"><enum>(a)</enum><header>In
general</header><text>Subparagraph (A) of section 41(e)(7) of the Internal
Revenue Code of 1986 (defining basic research) is amended by striking
<quote>not having a specific commercial objective</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id1A905BEF83574E4C95CF0A956F372F16"><enum>(b)</enum><header>Effective
date</header><text>The amendment made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id10C834CE0E224F4C917A41A48FEAAFC2"><enum>102.</enum><header>Credit for
charitable contributions of equipment to secondary schools and technical and
community colleges</header>
<subsection commented="no" display-inline="no-display-inline" id="id0F2BD24293C44F2FB194BA5C2CFFB146"><enum>(a)</enum><header>In
general</header><text>Subpart D of part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 is amended by adding at the end the following new
section:</text>
<quoted-block act-name="" id="id2DF5F7E5D36F4DAE83983F3D9A4D8FEC" style="OLC">
<section id="id0DB3DE2365A04709B319072CAB50EB23"><enum>45S.</enum><header>Credit for
charitable contributions of equipment to secondary schools and technical and
community colleges</header>
<subsection id="idE15068E96AB44502B2BDFB4D2E61704D"><enum>(a)</enum><header>In
general</header><text>For purposes of section 38, the charitable equipment
contribution credit determined under this section for any taxable year is an
amount equal to 30 percent of the fair market value (determined at the time of
the contribution) of any qualified equipment which is contributed by the
taxpayer to a secondary school, technical college, or community college.</text>
</subsection><subsection id="id8B40108CF54E4FABBB55964CE2A60D25"><enum>(b)</enum><header>Qualified
equipment</header><text>For purposes of this section, the term <term>qualified
equipment</term> means any tangible personal property described in paragraph
(1) of section 1221(a), but only if—</text>
<paragraph id="id908B6F20D1E74434A6925239166F3C65"><enum>(1)</enum><text>the property is
purchased, constructed, or assembled by the taxpayer,</text>
</paragraph><paragraph id="id168927E37D314DAFA97BF39000E4E4B7"><enum>(2)</enum><text>the property is
equipment or apparatus substantially all of the use of which by the donee is
for research or experimentation, research training, or education in science or
technology,</text>
</paragraph><paragraph id="idB899945D68944A50AC30D2383BDB02AE"><enum>(3)</enum><text>the property is
suitable for use in the donee's research or experimentation or educational
programs,</text>
</paragraph><paragraph id="idF11FB2062B6C428694B55D5E7B9BF9C9"><enum>(4)</enum><text>the property is
not transferred by the donee in exchange for money, other property, or
services, and</text>
</paragraph><paragraph id="id1A3D004DF45842478A87F422208CF642"><enum>(5)</enum><text>the taxpayer
receives from the donee a written statement representing that its use and
disposition of the property will be in accordance with the provisions of
paragraphs (2), (3), and (4).</text>
</paragraph></subsection><subsection commented="no" id="id38A0CC3FB28C46F89162BFCF7E3913DD"><enum>(c)</enum><header>Gain not taken
into account</header><text>The amount of any contribution of qualified
equipment otherwise taken into account under subsection (a) shall be reduced,
but not below zero, by the sum of—</text>
<paragraph commented="no" id="id057FF706217C46D48227F57E34F6A888"><enum>(1)</enum><text><fraction>1/2</fraction>
of the amount of any gain which would not have been long-term capital gain
(determined without regard to section 1221(b)(3)) if the property contributed
had been sold by the taxpayer at its fair market value (determined at the time
of such contribution), and</text>
</paragraph><paragraph commented="no" id="id7AFFF6025D1944888801BDC435FFC783"><enum>(2)</enum><text>the amount, if
any, by which the amount of such contribution (determined by taking into
account paragraph (1) but without regard to this paragraph) exceeds twice the
taxpayer's basis in the qualified equipment.</text>
</paragraph></subsection><subsection id="idCA58D6A00D574F149EDCCCBFFB2BA999"><enum>(d)</enum><header>Definitions</header><text>For
purposes of this section—</text>
<paragraph id="idB8BBE052ABFB4AB382B3BA0ACA238F25"><enum>(1)</enum><header>Secondary
school</header><text>The term <term>secondary school</term> has the meaning
given such term by section 9101 of the Elementary and Secondary Education Act
of 1965.</text>
</paragraph><paragraph id="id80DBFA5790FB49CBAFDBA97B13504C9F"><enum>(2)</enum><header>Technical
college</header><text>The term <term>technical college</term> means a
postsecondary vocational institution (as defined in section 102(c) of the
Higher Education Act of 1965).</text>
</paragraph><paragraph id="idCF7EA70278494E7CB31D28EC2E2B036A"><enum>(3)</enum><header>Community
college</header><text>The term <term>community college</term> means a junior or
community college (as defined in section 312 of the Higher Education Act of
1965).</text>
</paragraph></subsection><subsection id="idE5698607B9DE4B49A9856AD9238AC70D"><enum>(e)</enum><header>Denial of
double benefit</header><text>No deduction shall be allowed under section 170
for any contribution for which a credit is allowed under this
section.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idB3C742DC608C4038AD44AEDDB51AF58C"><enum>(b)</enum><header>Credit treated
as part of general business credit</header><text>Section 38(b) of the Internal
Revenue Code of 1986 is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idF35A1E5AFA4A47C180080DD071FAF908"><enum>(1)</enum><text>by striking
<quote>plus</quote> at the end of paragraph (35),</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7DC8759B7E64491FB13131E0BA712CF2"><enum>(2)</enum><text>by striking the
period at the end of paragraph (36) and inserting <quote>, plus</quote>,
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idBB6101E45F9A48F18448166D2C96C032"><enum>(3)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block act-name="" id="idF13B3CAA734C4108B76E012C0C60C561" style="OLC">
<paragraph id="id750E5B6089344BC19B8A607150E07859"><enum>(37)</enum><text>the charitable
equipment contribution credit determined under section
45S(a).</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id62839F84DFBF459A8F45B3BFD4C31D05"><enum>(c)</enum><header>Clerical
amendment</header><text>The table of sections for subpart D of part IV of
subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by
adding at the end the following new item:</text>
<quoted-block id="id7907b0ed-8d02-45d1-9bd9-7695e9768c8b" style="OLC">
<toc>
<toc-entry idref="id0DB3DE2365A04709B319072CAB50EB23" level="section">Sec. 45S. Credit for charitable contributions of equipment to
secondary schools and technical and community
colleges.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idDF086FBD63824594B9AB5F4864B28903"><enum>(d)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to
contributions made after December 31, 2010.</text>
</subsection></section><enum>II</enum><header>Lending to
small- and medium-sized high growth technology companies</header>
<section id="id55FA949B71D04B8FA0480024260FF057"><enum>201.</enum><header>Innovative
Technology Development Loan Guarantee Program</header>
<subsection id="ID2f0dcc65884d403ba895d68b89e66f99"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="id7FC39F5A4AB54B47837B37451AC71439"><enum>(1)</enum><header>Clean
technology</header><text>The term <term>clean technology</term> means—</text>
<subparagraph id="id6A579B1632D94001BB1ACB8F25D966B8"><enum>(A)</enum><text>technology that
improves energy efficiency, including—</text>
<clause id="id5B1AFED762244CCDA1E2741FFFB9B174"><enum>(i)</enum><text>technologies to
reduce energy consumption;</text>
</clause><clause id="id507C207405C24E1FA49E65842FD1BE5D"><enum>(ii)</enum><text>energy-efficient
building technologies and applications; and</text>
</clause><clause id="id75D4B50CC9674DE2A2F2456A7E439964"><enum>(iii)</enum><text>efficient
electricity transmission, distribution, and electrical grid-based
storage;</text>
</clause></subparagraph><subparagraph id="id401325B8083B4CD8984885D736E7CEBF"><enum>(B)</enum><text>technology
relating to energy storage;</text>
</subparagraph><subparagraph id="idE7D6199AAAF24108B56514781DAAFF2F"><enum>(C)</enum><text>fuel cells and
batteries; and</text>
</subparagraph><subparagraph id="idDDD701A5F2584B7DA783D32025A31AE9"><enum>(D)</enum><text>component
technologies for electric vehicles.</text>
</subparagraph></paragraph><paragraph id="id38AD4FC734004CF3A562FBA2E53B3223"><enum>(2)</enum><header>Renewable
energy</header><text>The term <term>renewable energy</term> means energy
generated from any of the following:</text>
<subparagraph id="idFFD583F0AD7447749B846F937A51EEA4"><enum>(A)</enum><text>Solar, wind,
geothermal, or ocean based sources.</text>
</subparagraph><subparagraph id="ID0b0a3053a8104c519ba1bd19c76c7e73"><enum>(B)</enum><text>Biomass,
biofuels, or feedstock.</text>
</subparagraph><subparagraph id="IDcb69395be3564da592ab53c5b4640dd0"><enum>(C)</enum><text>Landfill
gas.</text>
</subparagraph><subparagraph id="ID5c7467180ab148caad469028fc8f19a0"><enum>(D)</enum><text>Municipal solid
waste.</text>
</subparagraph><subparagraph id="IDad81dd712ac74e6eaa657954c1a5ab16"><enum>(E)</enum><text>Incremental
hydropower.</text>
</subparagraph><subparagraph id="ID6a93fe7757d542319198b028f13b8aa7"><enum>(F)</enum><text>Hydropower that
has been certified by the Low Impact Hydropower Institute</text>
</subparagraph></paragraph><paragraph id="idF64439FD7FD94575B9C2BBBD31A91069"><enum>(3)</enum><header>Small- or
medium-size high growth technology company</header><text>The term <term>small-
or medium-sized high growth technology company</term> means a small business
concern that primarily engages in commerce in 1 or more of the following
industries:</text>
<subparagraph id="id6F0EAF9F31684E3E88A0013A60DB894E"><enum>(A)</enum><text>Life
sciences.</text>
</subparagraph><subparagraph id="id3A791A4C8B6C48579240BE26CAA60595"><enum>(B)</enum><text>Medical
devices.</text>
</subparagraph><subparagraph id="idAAED98AFF9EE456C93D064BB98D7FA9C"><enum>(C)</enum><text>Computer
hardware.</text>
</subparagraph><subparagraph id="id5DC2D5D6DC764BAFAF81BBE900B3E5C1"><enum>(D)</enum><text>Computer
software.</text>
</subparagraph><subparagraph id="id1DB3AD7F468B4074BFC586D1A524A37A"><enum>(E)</enum><text>Clean
technology.</text>
</subparagraph><subparagraph id="idE63E730978CB45FFB2252FE371210BE1"><enum>(F)</enum><text>Renewable energy
generation and manufacturing.</text>
</subparagraph><subparagraph commented="no" id="id2AFE39B3F5F04ADA907905032A8D187E"><enum>(G)</enum><text>Such other
industries as the Secretary considers appropriate.</text>
</subparagraph></paragraph><paragraph id="ID5cb2352670214bd48d0836d03c9d3b7c"><enum>(4)</enum><header>Secretary</header><text>Except
as otherwise provided, the term <term>Secretary</term> means the Secretary of
Commerce.</text>
</paragraph><paragraph id="ID242010eaed174a4eb7aa6b3e5d84fe2d"><enum>(5)</enum><header>Small business
concern</header><text>The term <term>small business concern</term> has the
meaning given that term under section 3(a) of the Small Business Act (15 U.S.C.
632(a)).</text>
</paragraph></subsection><subsection id="ID9a6f046912b04ea9a229ce4504d6be0a"><enum>(b)</enum><header>Establishment
of Innovative Product Loan Guarantee Program</header>
<paragraph id="IDa438c263582a46f3ac0fede0ecac9b61"><enum>(1)</enum><header>Establishment</header><text>The
Secretary shall establish a loan guarantee program to help small- and
medium-sized high growth technology companies who the Secretary
determines—</text>
<subparagraph id="id898D5620CF0043BB9C8AF7C4C3FDF9B3"><enum>(A)</enum><text>are operating in
a phase of the business life cycle in which technological, market, or
regulatory uncertainty constrains the amount of capital available from lenders
and equity investors to such companies during such phase; and</text>
</subparagraph><subparagraph id="id7782DB8B03C6420E90BE0D07E3C6D8DB"><enum>(B)</enum><text>are unable to
progress to the next phase of the business life cycle because of such
constraints on the availability of capital.</text>
</subparagraph></paragraph><paragraph id="idAE6BB05CBD4544D08AF8C11F8269B6BF"><enum>(2)</enum><header>Designation</header><text>The
loan guarantee program established under paragraph (1) shall be known as the
<quote>Innovative Technology Development Loan Guarantee Program</quote>.</text>
</paragraph></subsection><subsection id="id6A8FD2D5728F4DB2B6591EB245C3DC8C"><enum>(c)</enum><header>General
authority</header>
<paragraph id="idB919C0AD669D4373A582B098ECC6EEDB"><enum>(1)</enum><header>In
general</header><text>The Secretary may, under the program established pursuant
to subsection (b)(1), guarantee the full or partial repayment of a loan that
meets the requirements of this section.</text>
</paragraph><paragraph id="id4335303E850240DC843AE9978A5D0AB0"><enum>(2)</enum><header>Guarantee
percentage</header><text>For a loan guaranteed under the program established
pursuant to subsection (b)(1), the Secretary may guarantee such percentage of
such loan as the Secretary considers appropriate, except that such percentage
shall be not less than 50 percent and not more than 90 percent.</text>
</paragraph></subsection><subsection id="id61627BEA81D44451921029C86C45898C"><enum>(d)</enum><header>Loan
requirements</header><text>A loan referred to in subsection (c) meets the
requirements of this section if each of the following requirements is
met:</text>
<paragraph id="id185656A9309D490FA956E453949934EC"><enum>(1)</enum><header>Purpose</header><text>The
loan is for—</text>
<subparagraph id="id0569434FD0434885A7B73FC783910116"><enum>(A)</enum><text>fixed assets
relating to reequipping, expanding, or establishing a facility the Secretary
considers necessary for the loan recipient to enter the next phase of the
business life cycle; or</text>
</subparagraph><subparagraph id="idD88BB735FE8E47AFA1F5EE76E68E1B26"><enum>(B)</enum><text>providing the
loan recipient with working capital the Secretary considers necessary for the
loan recipient to enter the next phase of the business life cycle.</text>
</subparagraph></paragraph><paragraph id="idDA9E3A8FB58D415B8F8C6D183647321A"><enum>(2)</enum><header>Interest
rate</header><text>The interest rate for the loan does not exceed such maximum
rate as the Secretary considers appropriate.</text>
</paragraph><paragraph id="id764F83406EBE446E8AE78908F7E0F996"><enum>(3)</enum><header>Terms and
conditions</header><text>The loan has such terms and conditions as the
Secretary considers commercially reasonable and consistent with prevailing
market standards.</text>
</paragraph><paragraph id="idAFF4ACE8D3344009A3D772425D61F8DD"><enum>(4)</enum><header>Pre-qualified
lenders</header><text>The loan is offered by a lender who has been
pre-qualified under subsection (e).</text>
</paragraph></subsection><subsection id="idB7BB7144C1854996B94B38838900A1B7"><enum>(e)</enum><header>Pre-qualification
of lenders</header><text>The Secretary shall pre-qualify lenders who—</text>
<paragraph id="idDC12DF2091314FDCBBA465B9EAA76DE3"><enum>(1)</enum><text>are
nongovernmental entities who specialize in providing financing to high growth
technology companies; and</text>
</paragraph><paragraph id="id63A4AF159EA1401BA770210CFB95A37E"><enum>(2)</enum><text>the Secretary
determines will expedite the loan process and are competent to carry out credit
underwriting, loan origination, loan documentation, loan administration, and
loan servicing under the program established pursuant to subsection
(b)(1).</text>
</paragraph></subsection><subsection id="id166116A51D83450797B3AD8571637741"><enum>(f)</enum><header>Syndication</header><text>A
lender offering a loan that is guaranteed under the program established
pursuant to subsection (b)(1) shall agree not to syndicate or assign the loan
unless—</text>
<paragraph id="id095FDBEF3A344501A79F9DC8779ADDFD"><enum>(1)</enum><text>the loan is
syndicated or assigned to a third party financial institution that the
Secretary considers qualified;</text>
</paragraph><paragraph id="id5ABD7F6F62234FEB9B44EA19A530278F"><enum>(2)</enum><text>the lender
retains a pre-specified portion of the unguaranteed credit risk; and</text>
</paragraph><paragraph id="id050E57D23A874018AF7935F5BC695AE9"><enum>(3)</enum><text>the lender
continues to perform as the servicing and administrative agent for the
loan.</text>
</paragraph></subsection><subsection id="id94B0F470C19947B1A7A875C099427734"><enum>(g)</enum><header>Default</header><text>Notwithstanding
any other provision of law, in the case of a default on a loan guaranteed under
this section, the lender shall have the right of first refusal to serve as
workout and collection agent for purposes of such default and under such terms
as the Secretary considers appropriate.</text>
</subsection><subsection id="id6C0FC0FCA66245E29736F24ADDC065A1"><enum>(h)</enum><header>Fees</header><text>The
Secretary may establish such fees as the Secretary considers necessary to cover
the costs of administering the program established under subsection
(b)(1).</text>
</subsection><subsection id="id0033356DFFF449C4ACF9F855A7F6857C"><enum>(i)</enum><header>Innovative
Technology Development Fund</header>
<paragraph id="id1F01E1625A12415B9EA481EFF852B484"><enum>(1)</enum><header>In
general</header><text>There is established in the Treasury of the United States
a revolving fund known as the <quote>Innovative Technology Development
Fund</quote> (in this subsection referred to as the
<quote>Fund</quote>).</text>
</paragraph><paragraph id="id241973816D4D42D1A109A50F988E2511"><enum>(2)</enum><header>Elements</header><text>There
shall be deposited in the fund the following, which shall constitute the assets
of the Fund:</text>
<subparagraph id="idE800497BF75C4D2186CDE669287345B7"><enum>(A)</enum><text>Amounts paid into
the Fund under any provision of law or regulation established by the Secretary
imposing fees under subsection (h).</text>
</subparagraph><subparagraph id="id86B11286DD2C4F85B27382D13C606286"><enum>(B)</enum><text>All other amounts
received by the Secretary incident to operations relating to the loan guarantee
program established under subsection (b)(1).</text>
</subparagraph></paragraph><paragraph id="id82198CFF030641F58593E5405E871CC6"><enum>(3)</enum><header>Use of
funds</header><text>The Fund shall be available to the Secretary, without
fiscal year limitation, to carry out the provisions of this section.</text>
</paragraph></subsection><subsection id="id7832044E4EE14E9B9C650B6B61499A9B"><enum>(j)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to the
Secretary to carry out this section $200,000,000 for fiscal year 2011.</text>
</subsection></section><enum>III</enum><header>Education</header>
<section id="id2D7E4407779C4F4ABA8BF2AA539BDB70"><enum>301.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="id5F753EDDD321477AB0D915F037E2DA4A"><enum>(1)</enum><header>Director</header><text>The
term <term>Director</term> means the Director of the National Science
Foundation.</text>
</paragraph><paragraph id="idA6DEA97C1E5C4EED86F3D45C1AD544AC"><enum>(2)</enum><header>Institution of
higher education</header><text display-inline="yes-display-inline">The term
<term>institution of higher education</term> means an institution of higher
education, as defined in section 101(a) of the Higher Education Act of 1965 (20
U.S.C. 1001(a)).</text>
</paragraph><paragraph id="idC9BD0557D75345879DA8F0E1315A0C7E"><enum>(3)</enum><header>Science,
technology, engineering, and mathematics secondary school</header><text>The
term <term>science, technology, engineering, and mathematics secondary
school</term> means a secondary school—</text>
<subparagraph id="id32617666167B4035BF00064EF9AA438A"><enum>(A)</enum><text>with a strategic
focus on the subjects of science, technology, engineering, and
mathematics;</text>
</subparagraph><subparagraph id="idBCA2EDE6112D4C58836DBF1D978303C8"><enum>(B)</enum><text>that limits
curriculum requirements; and</text>
</subparagraph><subparagraph id="id323C898D8E0F44279337DD49E3ED6F19"><enum>(C)</enum><text>allows students
greater selective choice within the science, technology, engineering, and
mathematics subject areas while providing the resources to ensure adequate
student choice and curricular rigor.</text>
</subparagraph></paragraph><paragraph id="id3039E4D0F9C54793A36A3567E546C903"><enum>(4)</enum><header>State
educational agency</header><text>The term <term>State educational agency</term>
has the meaning given the term in section 9101 of the Elementary and Secondary
Education Act of 1965 (20 U.S.C. 7801).</text>
</paragraph></section><section id="idFA6628AE682D495A990483C563EB10F2"><enum>302.</enum><header>Increasing
funding for STEM secondary schools</header>
<subsection id="id90720AFA93C147F481E1270FD590F78E"><enum>(a)</enum><header>Purpose</header><text>The
purpose of this section is to increase the number of science, technology,
engineering, and mathematics secondary schools in the United States from 100 to
200.</text>
</subsection><subsection id="idE81183BDD2CA484B8BA6351B8BB39114"><enum>(b)</enum><header>Program
authorized</header>
<paragraph id="id2A25786661724336B474EFD32AD04CFB"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">From amounts
appropriated under subsection (f), the Secretary of Education shall award
grants, on a competitive basis, to State educational agencies to enable the
State educational agencies to carry out the purposes of this section by
establishing or expanding science, technology, engineering, and mathematics
secondary schools.</text>
</paragraph><paragraph id="id349ADA9A2B864908B950B614F4CFCA65"><enum>(2)</enum><header>Geographic
distribution</header><text display-inline="yes-display-inline">The Secretary
shall award grants under this section in a manner that ensure geographic
diversity.</text>
</paragraph></subsection><subsection id="idDC07B7367D2C47BCA635A55D0CBE78C7"><enum>(c)</enum><header>Application</header><text>A
State educational agency desiring to receive a grant under this section shall
submit an application to the Secretary of Education at such time, in such
manner, and containing such information as the Secretary may require.</text>
</subsection><subsection id="idEFEE25C228174457AE6BF606A5B3485E"><enum>(d)</enum><header>Use of
funds</header><text display-inline="yes-display-inline">A State educational
agency receiving funds under this section shall use such funds to award
subgrants, on a competitive basis, to local educational agencies in the State
in order to enable the local educational agencies to establish and maintain new
science, technology, engineering, and mathematics secondary schools, which may
include repurposing an existing secondary school to become a science,
technology, engineering, or mathematics school.</text>
</subsection><subsection id="id2B6A5977C8F94DC5A5E395A1463FE1EA"><enum>(e)</enum><header>Authorization
of appropriations</header><text display-inline="yes-display-inline">There are
authorized to be appropriated to carry out this section, $50,000,000 for each
of fiscal years 2012 through 2021.</text>
</subsection></section><section id="idE1D0C9621996421AA6CB608DE53BCDE1"><enum>303.</enum><header>Grants to
institutions of higher education for retaining STEM students</header>
<subsection commented="no" id="IDbf6f8adc8bea43029a56e461ee54445c"><enum>(a)</enum><header>Purpose</header><text>The
purpose of this section is to provide positive incentives for institutions of
higher education to implement programs that help retain students in science,
technology, engineering, and mathematics programs at the institution of higher
education.</text>
</subsection><subsection id="id524B05862E244838B131CF10FD787C41"><enum>(b)</enum><header>Program
authorized</header><text>The Director shall establish a program of providing
awards, from funds available through the STEM Awards Trust Fund described in
subsection (c), to 4-year degree-granting institutions of higher education. In
order to receive an award under this subsection, a 4-year degree-granting
institution of higher education shall have—</text>
<paragraph id="id01852A92EB464855BA37ACBA155A2B43"><enum>(1)</enum><text>dramatically
increased the percentage and number of students who enter an institution
intending to major in science, technology, engineering, or mathematics and who
do graduate from such institution with a degree in such a subject; and</text>
</paragraph><paragraph id="idBE4A9DEAC0404096B9B46629812BE44D"><enum>(2)</enum><text>demonstrably
sustained such increase for more than 5 years.</text>
</paragraph></subsection><subsection id="idF9D282A8F07248BB961877DA42693AD2"><enum>(c)</enum><header>STEM Awards
Trust Fund</header>
<paragraph id="ID5F6A1B2936E641E08E764ED6D00397A0"><enum>(1)</enum><header>Establishment</header><text>There
is established in the Treasury of the United States a trust fund, to be known
as the STEM Awards Trust Fund (referred to in this section as the <quote>Trust
Fund</quote>), consisting of such amounts as are transferred to the Trust Fund
under paragraph (2) of this section and any interest earned on investment of
amounts in the Trust Fund under paragraph (3)(B).</text>
</paragraph><paragraph id="ID42A5BB548FE746A5B7E0993EC4BF086A"><enum>(2)</enum><header>Transfer of
amounts</header>
<subparagraph id="idD0757D88A14D47F781615F490E42552F"><enum>(A)</enum><header>Gifts</header><text>The
Director may accept, use, and dispose of gifts, not including gifts of
services, for the purposes of carrying out this section.</text>
</subparagraph><subparagraph id="idBB848889137A4859B6AE1AB14C5B6E63"><enum>(B)</enum><header>Transfer of
gifts into Trust Fund</header><text>The Director shall, for each fiscal year,
transfer any amounts provided to the Director under subparagraph (A) into the
Trust Fund.</text>
</subparagraph><subparagraph id="id7CFF44610F5B48D1BFAB3E551CCF2E25"><enum>(C)</enum><header>Transfer of
appropriated funds</header><text>Any amounts appropriated to carry out this
section shall be without fiscal year limitation, and the Director shall
transfer such amounts into the Trust Fund. Such amounts shall be kept in a
separate account or otherwise separated from any amounts transferred into the
Trust Fund under subparagraph (B).</text>
</subparagraph></paragraph><paragraph id="id1DDEEC3069F44573A686C42FB9795E49"><enum>(3)</enum><header>Investment of
trust fund</header>
<subparagraph id="ID269E041C34984AB58729C6896A4016B8"><enum>(A)</enum><header>In
general</header><text>It shall be the duty of the Secretary of the Treasury to
invest such portion of the Trust Fund as is not, in the Secretary's judgment,
required to meet current withdrawals. Such investments may be made only in
interest-bearing obligations of the United States or in obligations guaranteed
as to both principal and interest by the United States. For such purpose, such
obligations may be acquired—</text>
<clause id="IDDC942E9336DC4D4B8D423E3F1B34E3E8"><enum>(i)</enum><text>on
original issue at the issue price, or</text>
</clause><clause id="ID02E979C4DE2D4ABFA87B1EAD598935CD"><enum>(ii)</enum><text>by
purchase of outstanding obligations at the market price.</text>
</clause><continuation-text continuation-text-level="subparagraph">The
purposes for which obligations of the United States may be issued under chapter
31 of title 31, of the United States Code, are hereby extended to authorize the
issuance at par of special obligations exclusively to the Trust Fund. Such
special obligations shall bear interest at a rate equal to the average rate of
interest, computed as to the end of the calendar month next preceding the date
of such issue, borne by all marketable interest-bearing obligations of the
United States then forming a part of the Public Debt; except that where such
average rate is not a multiple of one-eighth of 1 percent, the rate of interest
of such special obligations shall be the multiple of one-eighth of 1 percent
next lower than such average rate. Such special obligations shall be issued
only if the Secretary of the Treasury determines that the purchase of other
interest-bearing obligations of the United States, or of obligations guaranteed
as to both principal and interest by the United States on original issue or at
the market price, is not in the public interest.</continuation-text></subparagraph><subparagraph id="IDBE16634043E24AF08E26CCE1BB5640A4"><enum>(B)</enum><header>Sale of
obligation</header><text>Any obligation acquired by the Trust Fund (except
special obligations issued exclusively to the Trust Fund) may be sold by the
Secretary of the Treasury at the market price, and such special obligations may
be redeemed at par plus accrued interest.</text>
</subparagraph><subparagraph id="ID3ADB6A9001624BAEB8B9C83E580DDC1D"><enum>(C)</enum><header>Credits to
trust fund</header><text>The interest on, and the proceeds from the sale or
redemption of, any obligations held in the Trust Fund shall be credited to and
form a part of the Trust Fund.</text>
</subparagraph></paragraph><paragraph id="ID99B1DF4B5A634BEA9BE0EEE00542E4DB"><enum>(4)</enum><header>Obligations
from trust fund</header>
<subparagraph id="id0D4649F8B84444E6994236D842352D20"><enum>(A)</enum><header>In
general</header><text>Subject to subparagraph (B), the Director is hereafter
authorized to obligate such sums as are available in the Trust Fund (including
any amounts not obligated in previous fiscal years) for—</text>
<clause id="IDC619607B5A66447D953383685B8DA243"><enum>(i)</enum><text>providing awards
under subsection (b); and</text>
</clause><clause id="IDDF738A93E6BE447198EC9AC17298B0BC"><enum>(ii)</enum><text>properly
allocable administrative costs of the Federal Government for the activities
specified above.</text>
</clause></subparagraph><subparagraph id="id35B3238055EA4462AA3BA360BAF9C11E"><enum>(B)</enum><header>Federal
match</header><text>In making any award under this section, the Director shall,
to the extent feasible, use equal amounts of funds in the Trust Fund that were
given by private entities under paragraph (2)(A) and funds in the Trust Fund
that were appropriated in accordance with paragraph (2)(C).</text>
</subparagraph></paragraph><paragraph id="ID3028C9C0AD924B9F9D0636907CBD7C51"><enum>(5)</enum><header>Report to
congress</header><text>It shall be the duty of the Secretary of the Treasury to
hold the Trust Fund, and (after consultation with the Director) to report to
the Congress each year on the financial condition and the results of the
operations of the Trust Fund during the preceding fiscal year and on its
expected condition and operations during the next fiscal year. Such report
shall be printed as both a House and Senate document of the session of the
Congress to which the report is made.</text>
</paragraph></subsection><subsection id="id23BFE27D4A9B45D9B8E4A14C7B34FC55"><enum>(d)</enum><header>Evaluation</header><text>Not
later than 4 years after the date of enactment of this Act, the Director shall
conduct an evaluation regarding the effectiveness of the program under this
section.</text>
</subsection><subsection id="id83C3C270903A4B299B04CF3E434F787F"><enum>(e)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to carry
out this section $66,000,000 for each of the fiscal years 2012 through
2016.</text>
</subsection><subsection commented="no" id="id57B7B6F5A67044949CADB5CFC8289FFA"><enum>(f)</enum><header>Sunset
provision</header>
<paragraph commented="no" id="id661A9D66DE734B9D9CC2B7128BF939D0"><enum>(1)</enum><header>In
general</header><text>The provisions of this section shall cease to have effect
on the date that is 5 years after the date of enactment of this Act, unless the
Director—</text>
<subparagraph commented="no" id="idB374D682F53142509B4B55EF0974AF1A"><enum>(A)</enum><text>determines, based
on the evaluation described in subsection (d), that the program has proven to
be effective in accomplishing the purposes of this section; and</text>
</subparagraph><subparagraph commented="no" id="id3F3FD5FF423E467BB0E33A72A0073421"><enum>(B)</enum><text>submits, in
writing, the Director's decision to the appropriate committees of
Congress.</text>
</subparagraph></paragraph><paragraph commented="no" id="id08322C3671CB413884D1899C488A38C9"><enum>(2)</enum><header>Dissolution of
trust fund</header><text>Notwithstanding subsection (c)(2)(C), upon a
termination of this section under paragraph (1), all amounts in the Trust Fund
shall be deposited in the Treasury of the United States as miscellaneous
receipts.</text>
</paragraph></subsection></section><section id="id69FEF4171A52461A80814E57C49777C9"><enum>304.</enum><header>Expanding
undergraduate research opportunities</header>
<subsection id="id7CC08CE485394A92B8A207BDCAC7F1C1"><enum>(a)</enum><header>In
general</header><text>Not later than June 1, 2013, the President shall ensure
that not less than 10 percent of all Federal funds available for a fiscal year
for undergraduate student research opportunities at 4-year degree-granting
institutions of higher education shall be used to fund research opportunities
for postsecondary students during the students' first academic year of
postsecondary education or the summer following such first year.</text>
</subsection><subsection id="id43CDD82532E24721AB583BA6A19E8137"><enum>(b)</enum><header>Sense of
Congress</header><text>It is the sense of the Congress that each Federal agency
should restructure the agency's undergraduate student research opportunities
for students attending 4-year institutions of higher education, in order to
provide more research opportunities for postsecondary students during the
students' first academic year of postsecondary education or the summer
following such first year.</text>
</subsection><subsection id="id1B0191F7F921412C9D339F456232E0C8"><enum>(c)</enum><header>Identification
of research programs</header><text>Not later than December 31, 2012, the head
of each Federal agency shall submit to the President—</text>
<paragraph id="idA1EA8116712344199B012B1BC44EBFEB"><enum>(1)</enum><text>a list of all
programs and funds available for undergraduate student research under the
jurisdiction of the agency; and</text>
</paragraph><paragraph id="id4A87A7BCA905409D994EEEE582E4929F"><enum>(2)</enum><text>recommendations
regarding how the agency can best fulfill the requirements of subsection
(a).</text>
</paragraph></subsection></section><section commented="no" id="id97E07EC23F934C64AAC53ED119162B48"><enum>305.</enum><header>Internet
website promoting commercialization of technology ideas invented by federally
funded researchers</header>
<subsection commented="no" id="id9CB2E1D49BDC487FB5F1A0B6E4808006"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than 1 year
after the date of the enactment of this Act, the Secretary of Commerce shall,
acting through the Director of the National Institute for Standards and
Technology, establish and maintain an Internet website that connects federally
funded researchers who have ideas for technologies that they believe could be
commercialized with persons who express interest in working with federally
funded researchers on the commercialization of their technologies.</text>
</subsection><subsection commented="no" id="id269BA5E5998E4011896A2D01D2BFDFC2"><enum>(b)</enum><header>Participation
optional</header><text display-inline="yes-display-inline">Participation of a
federally funded researcher in the Internet website required by subsection (a)
shall be optional.</text>
</subsection><subsection commented="no" id="idD4405E7D5FEC403FB16CD5E42AB8FF67"><enum>(c)</enum><header>Report</header>
<paragraph commented="no" id="id6F1A5674F57E4B1B9869FAABE5BDFCDB"><enum>(1)</enum><header>In
general</header><text>Not later than 2 years after the establishment of the
Internet website required by subsection (a), the Secretary shall submit to
Congress a report on such Internet website.</text>
</paragraph><paragraph commented="no" id="id36DA0CBA168B4AEA9E6EDCF7F3B7D2FF"><enum>(2)</enum><header>Elements</header><text>The
report required by paragraph (1) shall include the following:</text>
<subparagraph commented="no" id="idE1B963576FC44F22A817A7DB6A90DBE7"><enum>(A)</enum><text>The status of the
Internet website required by subsection (a).</text>
</subparagraph><subparagraph commented="no" id="idF0331E39C70345AF87DBF7F8389D7D2C"><enum>(B)</enum><text>An assessment of
such Internet website.</text>
</subparagraph><subparagraph commented="no" id="id1843B899011D4BC0849E6C4504786662"><enum>(C)</enum><text>Such
recommendations as the Secretary may have for improvements to the Internet
website and any additional funding or legislative action as the Secretary
considers necessary to implement such improvements.</text>
</subparagraph></paragraph></subsection><subsection id="idB69B33F16E294896BF1C68775FBC81F5"><enum>(d)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to the
Secretary of Commerce to carry out this section $1,000,000 for each of the
fiscal years 2011 through 2015. Amounts appropriated under this subsection
shall remain available until expended.</text>
</subsection></section><section id="id23929E7FAB914A6E8A7A05341C147A2C"><enum>306.</enum><header>Technology
Commercialization Awards Pilot Program</header>
<subsection id="id5A45B353DA7E4A3F961496C244F41307"><enum>(a)</enum><header>In
general</header><text>The Director of the National Science Foundation (referred
to in this section as the <quote>Director</quote>), through the Partnerships
for Innovation Program, shall administer a Technology Commercialization Awards
Pilot Program through which promising technology advances derived from National
Science Foundation research grants shall be eligible for follow-on funding to
move the technology through prototype and demonstration phases, with training
available for researcher participants in business plan development, technology
transfer and commercialization, and in processes for establishing start-up
firms based on the technologies developed.</text>
</subsection><subsection id="id7858B1AE4F9149C5B8DDB057E1E43401"><enum>(b)</enum><header>Competitive
selection</header><text>The Director shall—</text>
<paragraph id="id5741959EF120420B9F0A9AAC6B12BA9B"><enum>(1)</enum><text>seek from
National Science Foundation offices and divisions recommendations on
outstanding research funded by the National Science Foundation with clear
promise that such research can be advanced close to commercialized in a 3- to
5-year period;</text>
</paragraph><paragraph id="id7D587D1A67D04AC0A66821E77978C630"><enum>(2)</enum><text>solicit
applications from National Science Foundation award grantees who believe that
they have qualifying technologies eligible for commercialization; and</text>
</paragraph><paragraph id="id8DFB10EC4C9E428C87D1B303792D4FAE"><enum>(3)</enum><text>award grants to
such National Science Foundation award grantees based on a merit-based,
competitive selection process.</text>
</paragraph></subsection><subsection id="idC757982283F94D71B0BEE327D35A65B3"><enum>(c)</enum><header>Advisory
Committee</header><text>The Director shall form an Advisory Committee of
experts on technology and the technology commercialization process to advise
the National Science Foundation on the Technology Commercialization Awards
Pilot Program.</text>
</subsection><subsection id="id55AB942B4F1B4408A0598E8531D7747F"><enum>(d)</enum><header>Report</header><text>Not
later than 3 years after the first grant is awarded under this section, the
Director shall—</text>
<paragraph id="id1DF952C6541F455FB1A769F66A06F4E3"><enum>(1)</enum><text>report to the
relevant committees of Congress on the Technology Commercialization Awards
Pilot Program’s results; and</text>
</paragraph><paragraph id="id3E69FEED2DD248D6982DC03BA29C865E"><enum>(2)</enum><text>make
recommendations on whether and how such a technology commercialization fund
could be adopted by other Federal research and development agencies.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id64B948D2B1B548FD8FA373D7DB7BA7F8"><enum>(e)</enum><header>Authorization
of appropriations</header><text>There is authorized to be appropriated to carry
out this section $10,000,000 for each of the fiscal years 2011 through
2015.</text>
</subsection></section><enum>IV</enum><header>Manufacturing
and export promotions</header>
<section id="ID54753962dd874b84b7f9f848ebf6ba5d"><enum>401.</enum><header>Manufacturing
assistance program for small- and medium-sized manufacturers in the United
States</header>
<subsection id="IDff8ad8d381ca4ae78b61caca53bb50ea"><enum>(a)</enum><header>Definitions</header><text>In
this section:</text>
<paragraph id="IDba2ecdb493ea492ea8dfa4590a0e0f20"><enum>(1)</enum><header>Secretary</header><text>The
term <term>Secretary</term> means the Secretary of Commerce.</text>
</paragraph><paragraph id="ID485d540e1bfc4960a8a8d1251bdb1ab8"><enum>(2)</enum><header>Small- and
medium-sized domestic manufacturers</header><text>The term <term>small- and
medium-sized domestic manufacturers</term> means businesses—</text>
<subparagraph id="id6A7874AC00744269A9170E8BEFC575B5"><enum>(A)</enum><text>with not more
than 500 employees; and</text>
</subparagraph><subparagraph id="id6FDB976CEEC744069D69B5B59E9E4C0B"><enum>(B)</enum><text>with facilities
located in the United States that mechanically, physically, or chemically
transform materials, substances, or components into new products, including
component parts.</text>
</subparagraph></paragraph></subsection><subsection id="IDce69fa81ef9c4741873796b8ec9e9aa1"><enum>(b)</enum><header>Establishment</header><text>Not
later than 180 days after the date of the enactment of this Act, the Secretary
shall establish a manufacturing assistance program for small- and medium-sized
domestic manufacturers for the purposes of promoting the manufacturing of goods
in the United States and enabling those manufacturers to be competitive in the
global economy by—</text>
<paragraph id="ID44760a6bdcde403989f22ea07e3c66eb"><enum>(1)</enum><text>identifying and
reducing regulatory burdens on those manufacturers under subsection (c);
and</text>
</paragraph><paragraph id="ID7f5aad24d44c4c48b375bef88de70d3e"><enum>(2)</enum><text>providing those
manufacturers with information and other assistance under subsection
(d).</text>
</paragraph></subsection><subsection id="ID6b59d0261c754af3a0893f205e606a59"><enum>(c)</enum><header>Reduction of
regulatory burdens</header><text>The Secretary shall—</text>
<paragraph id="idBD6DC42C79134E3B9EDE4234A61D3984"><enum>(1)</enum><text>identify any
regulatory requirements applicable to small- and medium-sized domestic
manufacturers that—</text>
<subparagraph id="id69EAA09389D04A33AEC62AE2CCB265C1"><enum>(A)</enum><text>impose an
unnecessary burden on those manufacturers; and</text>
</subparagraph><subparagraph id="id6CCD6DA8C76945CCB6743067D0AECF86"><enum>(B)</enum><text>may be eliminated
or reduced in order to promote the manufacture of goods in the United
States;</text>
</subparagraph></paragraph><paragraph id="idFF2E3B6ACC694785BB27F0246806D4ED"><enum>(2)</enum><text>take appropriate
action to eliminate or reduce the regulatory requirements identified under
paragraph (1); and</text>
</paragraph><paragraph id="ID818a9a0ec8df4ffd997a4fd9ad5e4eac"><enum>(3)</enum><text>not later than 1
year after the date on which the Secretary establishes the program required by
subsection (b), submit to Congress a report that makes recommendations with
respect to action by Congress that may be necessary to eliminate or reduce the
regulatory requirements identified under paragraph (1).</text>
</paragraph></subsection><subsection commented="no" id="idD3B9941F0A4342808E10EB1FC7A9C938"><enum>(d)</enum><header>Assistance</header><text>The
Secretary shall assist small- and medium-sized domestic manufacturers by
providing the manufacturers with information with respect to—</text>
<paragraph commented="no" id="ID546f806fbacd48f48d8a62e1f5a8a800"><enum>(1)</enum><text>how small- and
medium-sized domestic manufacturers can comply efficiently with regulations
applicable to those manufacturers;</text>
</paragraph><paragraph commented="no" id="IDa0f429d0ec8a4c6e8fb90c610974ec3a"><enum>(2)</enum><text>recently proposed
and recently prescribed regulations likely to have an effect on small- and
medium-sized domestic manufacturers; and</text>
</paragraph><paragraph commented="no" id="ID621eff391c0a450f9130258487ef8576"><enum>(3)</enum><text>how small- and
medium-sized domestic manufacturers can express their views and provide input
with respect to any policy developments relating to the manufacture of products
in the United States.</text>
</paragraph></subsection><subsection id="ID86ab914f93814bc7bf245f8ed63ccb1d"><enum>(e)</enum><header>Report on
effectiveness of program</header><text>Not later than January 1, 2015, the
Secretary shall submit to Congress a report on the program established under
subsection (b) that includes—</text>
<paragraph id="ID8fb08293505f4d5382f528fcea570687"><enum>(1)</enum><text>an assessment of
the extent to which the program has been effective—</text>
<subparagraph id="IDb0792724bad84efeb25c274b988c04f5"><enum>(A)</enum><text>in identifying
and reducing regulatory burdens on small- and medium-sized domestic
manufacturers under subsection (c);</text>
</subparagraph><subparagraph id="id7057AD3CBCBD45A596EEBB2A1E4C7AFA"><enum>(B)</enum><text>in providing
information and other assistance to small- and medium-sized domestic
manufacturers under subsection (d); and</text>
</subparagraph><subparagraph id="id4E7E99517F004D92BE1C591043C54F44"><enum>(C)</enum><text>in promoting the
manufacturing of goods in the United States and enabling small- and
medium-sized domestic manufacturers to be competitive in the global
economy;</text>
</subparagraph></paragraph><paragraph id="ID4c158bb1483642e2a7a2ab428c885ab2"><enum>(2)</enum><text>detailed
information with respect to the nature, location, and duration of any jobs
created as a result of the program established under subsection (b) and a
description of the methodology used to compile that information; and</text>
</paragraph><paragraph id="ID06eacac39cdb4c85944adfbf3d278ad3"><enum>(3)</enum><text>any
recommendations with respect to continuing or improving the program established
under subsection (b).</text>
</paragraph></subsection><subsection id="IDeb5899817ffa44988ce5e7f9874e72b8"><enum>(f)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated to the
Secretary $15,000,000 for each of the fiscal years 2011 through 2015 to carry
out the program established under subsection (b).</text>
</subsection></section><section id="idB2E70F38A0C64498B3AA2878A29A258F"><enum>402.</enum><header>Removing
barriers for exporting industries in the United States</header><text display-inline="no-display-inline">Not later than 180 days after the date of
the enactment of this Act, the Under Secretary for International Trade of the
Department of Commerce shall submit to Congress a report—</text>
<paragraph id="id583B030739A547869483637E0D8F404A"><enum>(1)</enum><text display-inline="yes-display-inline">identifying the 20 industries in the United
States that export the most goods or services;</text>
</paragraph><paragraph id="id8D49066D304F40B9BFDCCA104F1FC8FD"><enum>(2)</enum><text display-inline="yes-display-inline">identifying regulatory and policy barriers
to exportation for those industries; and</text>
</paragraph><paragraph id="id3DC4391C8E644E7397534F5AFC9D8A60"><enum>(3)</enum><text display-inline="yes-display-inline">making recommendations with respect to
legislative action that could by taken by Congress to reduce those
barriers.</text>
</paragraph></section><section id="id78875B6C0D734952BD1186BB34FC9BB5"><enum>403.</enum><header>Improving
access to international markets</header><text display-inline="no-display-inline">There are authorized to be appropriated to
the United States Trade Representative $2,000,000 for each of the fiscal years
2011 through 2013 to initiate any proceeding to resolve a dispute relating to
barriers to market access with a country—</text>
<paragraph id="idBFC7E8B0018C4D73A962BF7B67800047"><enum>(1)</enum><text display-inline="yes-display-inline">that is a WTO member (as that term is
defined in section 2(10) of the Uruguay Round Agreements Act (19 U.S.C.
3501(10))); or</text>
</paragraph><paragraph id="id4DD80842FF0F440D9B51B653FB09EF50"><enum>(2)</enum><text display-inline="yes-display-inline">with which the United States has a trade
agreement in effect.</text>
</paragraph></section><enum>V</enum><header>Offsets</header>
<section id="id8B63FE7C6DB4491880C767E41E57E0D3"><enum>501.</enum><header>Limitation on
Government printing costs</header><text display-inline="no-display-inline">Not
later than 180 days after the date of enactment of this Act, the Director of
the Office of Management and Budget shall coordinate with the heads of Federal
departments and independent agencies to—</text>
<paragraph id="IDdd117902930247f7875d54f842dcfa5f"><enum>(1)</enum><text>determine which
Government publications could be available on Government websites and no longer
printed and to devise a strategy to reduce overall Government printing costs
over the 10-year period beginning with fiscal year 2011, except that the
Director shall ensure that essential printed documents prepared for social
security recipients, medicare beneficiaries, and other populations in areas
with limited Internet access or use continue to remain available;</text>
</paragraph><paragraph id="IDa53ead1a39d643a189c69018a1001ec0"><enum>(2)</enum><text>establish
government-wide Federal guidelines on employee printing; and</text>
</paragraph><paragraph id="ID88b0d85a87474695b7ec226c693c3dcc"><enum>(3)</enum><text>issue on the
Office of Management and Budget's public website the results of a cost-benefit
analysis on implementing a digital signature system and on establishing
employee printing identification systems, such as the use of individual
employee cards or codes, to monitor the amount of printing done by Federal
employees; except that the Director of the Office of Management and Budget
shall ensure that Federal employee printing costs unrelated to national
defense, homeland security, border security, national disasters, and other
emergencies do not exceed $860,000,000 annually.</text>
</paragraph></section><section id="ID7e179f61028d4dd882f0db63befc6d21"><enum>502.</enum><header>Eliminating
bonuses for poor performance by Government contractors</header>
<subsection id="id7046943570E342ADAEC07F3838FE20B7"><enum>(a)</enum><header>Guidance on
linking of award and incentive fees to outcomes</header><text display-inline="yes-display-inline">Not later than 180 days after the date of
enactment of this Act, each Federal department or agency shall issue guidance,
with detailed implementation instructions (including definitions), on the
appropriate use of award and incentive fees in department or agency
programs.</text>
</subsection><subsection id="ID4d19060c9722456289c1dcff9dfcf214"><enum>(b)</enum><header>Elements</header><text>The
guidance under subsection (a) shall—</text>
<paragraph id="IDfb771ac3a4d94953aaa85f480fb15bf1"><enum>(1)</enum><text>ensure that all
new contracts using award fees link such fees to outcomes (which shall be
defined in terms of program cost, schedule, and performance);</text>
</paragraph><paragraph id="ID1e8d8ce4667244e881a9d332c31d10b5"><enum>(2)</enum><text>establish
standards for identifying the appropriate level of officials authorized to
approve the use of award and incentive fees in new contracts;</text>
</paragraph><paragraph id="IDe6274ba6168e4239ace69b89b2f8d51f"><enum>(3)</enum><text>provide guidance
on the circumstances in which contractor performance may be judged to be
excellent or superior and the percentage of the available award fee which
contractors should be paid for such performance;</text>
</paragraph><paragraph id="IDe503ded1bb174c8081f0f2f29051838e"><enum>(4)</enum><text>establish
standards for determining the percentage of the available award fee, if any,
which contractors should be paid for performance that is judged to be
acceptable, average, expected, good, or satisfactory;</text>
</paragraph><paragraph id="IDcc17466d22b8478ca7a0869f9a0984dc"><enum>(5)</enum><text>ensure that no
award fee may be paid for contractor performance that is judged to be below
satisfactory performance or performance that does not meet the basic
requirements of the contract;</text>
</paragraph><paragraph id="IDc967e08e0cff432e8a52a3985e346d24"><enum>(6)</enum><text>provide specific
direction on the circumstances, if any, in which it may be appropriate to roll
over award fees that are not earned in one award fee period to a subsequent
award fee period or periods;</text>
</paragraph><paragraph id="ID901e2b6071ee4a99aa5ad277c79629aa"><enum>(7)</enum><text>ensure that the
Department or agency—</text>
<subparagraph id="IDc439791c5ee24c83bd5d36ebcb6c018b"><enum>(A)</enum><text>collects relevant
data on award and incentive fees paid to contractors; and</text>
</subparagraph><subparagraph id="ID10698b89bd844369af45aa68848847aa"><enum>(B)</enum><text>has mechanisms in
place to evaluate such data on a regular basis; and</text>
</subparagraph></paragraph><paragraph id="ID18c0ba44f646422ab6defb71327af82d"><enum>(8)</enum><text>include
performance measures to evaluate the effectiveness of award and incentive fees
as a tool for improving contractor performance and achieving desired program
outcomes.</text>
</paragraph></subsection><subsection id="IDc0fd4e6850ff460a946b8c4ae27fdecd"><enum>(c)</enum><header>Return of
unearned bonuses</header><text>Any funds intended to be awarded as incentive
fees that are not paid due to contractors' inability to meet the criteria
established by this section shall be returned to the Treasury.</text>
</subsection></section>