Federal Research Investment Act

[AI summary unavailable — showing source text] Federal Research Investment Act - Calls for Federal research and development programs to be conducted in accordance with specified guiding principles with respect to good science, fiscal accountability, program effectiveness, and criteria for government funding. Authorizes aggregate funding levels for civilian research and development (R&D) in specified agencies for FY 2000 through 2010. Sets forth requirements for adjusting amounts received by agencies for which appropriations increase by more than eight percent in a covered fiscal year. Directs the President to include with the annual budget request a report providing: (1) a summary of the total level of Federal funding for R&D throughout all civilian agencies; (2) a strategy reflecting funding projections of this Act; (3) an analysis of funding levels across Federal agencies by funding methodology; and (4) specific proposals for infrastructure development and R&D capacity building in States with less concentrated R&D resources. Requires the Director of the Office of Science Technology Policy to enter into an agreement with the National Academy of Sciences to conduct a comprehensive study to develop methods for evaluating federal…