S. 239 Innovate America Act 2011
LEGISLATIVE INFORMATION PAGE
Bill Number: S. 239
Title: Innovate America Act
Primary Sponsor: Klobuchar (D- Minnesota)
Introduced: 1/31/11; referred to Finance Committee
Amends the Internal Revenue Code to: (1) revise the definition of “basic research,” to remove the prohibition against such research having a specific commercial objective; and (2) provide a tax credit for charitable contributions of equipment to secondary schools and technical and community colleges.
Directs the Secretary of Commerce to 1) establish the Innovation Technology Development Loan Guarantee Program to help small and medium-sized high growth technology companies, and 2) establish a website to connects federally funded researchers with ideas for commercial technologies to persons expressing an interest in working with such researchers, and 3) Establish a manufacturing assistance program for small and medium-sized domestic manufacturers.
Directs the Secretary of Education to award grants to state educational agencies in order to expand science, technology, engineering, and mathematics (STEM) secondary schools.
Requires the Director of the National Science Foundation (NSF) to provide awards to four-year educational institutions which have: 1) dramatically increased their number of students intending to major in a STEM subject and who graduate with a degree in such subject; and 2) sustained such increase for more than five years. Also requires the Director to administer a Technology Commercialization Awards Pilot Program through which promising advances derived from NSF research grants shall be eligible for funding to move the technology through the prototype and demonstration phases.
Directs the President to ensure that not less than 10% of annual federal funds for undergraduate student research opportunities are used to fund research opportunities during the first academic year or summer.
Requires a report from the Under Secretary for International Trade on the removal of export barriers for U.S. industries. Authorizes funds for resolving disputes relating to market access barriers with certain foreign countries.
Also Requires: (1) the Office of Management and Budget to devise a strategy to reduce overall government printing costs over a 10-year period; and (2) each federal department and agency to issue guidance on the appropriate use of award and incentive fees in their programs.
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No California Delegation Co-sponsors