HR 4865 · 114th Congress · Science, Technology, Communications

Nanotechnology Advancement and New Opportunities Act

Introduced 2016-03-23· Sponsored by Rep. Honda, Michael M. [D-CA-17]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Research and Technology.(2016-09-30)

Plain Language Summary

[AI summary unavailable — showing source text] Nanotechnology Advancement and New Opportunities Act This bill directs the Department of Commerce, if $100 million is made available from the private sector for establishing a Nanomanufacturing Investment Partnership, to establish such a Partnership to provide funding for precommercial nanomanufacturing research and development projects. The Partnership may provide funding through direct investments in specified mechanisms designed to advance nanomanufacturing. Commerce shall establish an advisory board to assist it in carrying out the Partnership. The bill amends the Internal Revenue Code (IRC) to allow a tax credit for the purchase of qualified nanotechnology developer stock. Commerce may establish within the Technology Administration a grant program to support the establishment and development of incubators (entities affiliated with or housed in degree-granting institutions that provide space and coordinated and specialized services to certain entrepreneurial businesses). Commerce shall establish a Nanotechnology Startup Advisory Council. The National Science Foundation (NSF) shall establish a Nanoscale Science and Engineering Center for the development of computer aided design …

Summarized by Claude AI · Non-partisan · For informational purposes only