American Innovation and Competitiveness Act of 2006

[AI summary unavailable — showing source text] American Innovation and Competitiveness Act of 2006 - Directs the President to: (1) convene a National Science and Technology Summit to examine the health and direction of the U.S. science and technology enterprise; (2) establish a President's Council on Innovation and Competitiveness; and (3) establish the Innovation Acceleration Grants Program to support and promote innovation in the United States. Directs the: (1) National Academy of Sciences to study barriers of U.S. businesses to innovation; (2) Assistant Secretary for Economic Development of the Department of Commerce to prepare and implement a strategy for greater funding for innovation in regional economic development; and (3) Secretary of Commerce to publish a Guide to Developing Successful Regional Innovation Hot Spots. Requires the Director of the National Science Foundation (NSF) to: (1) establish a grant program to implement innovation-based experiential learning in elementary or middle schools; (2) expand the Graduate Research Fellowship Program and the Integrative Graduate Education and Research Traineeship Program to include an additional 1,250 fellowships and grants for each program over the next five-year period; …