Nanotechnology Advancement and New Opportunities Act - Directs the Secretary 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.
Allows the Partnership to provide funding through direct investments in specified mechanisms designed to advance nanomanufacturing. Requires return on investment of amounts resulting from the commercialization of developed technologies to the Partnership.
Requires establishment of an advisory board to assist the Secretary in carrying out the Partnership.
Amends the Internal Revenue Code (IRC) to allow a tax credit for the purchase of qualified nanotechnology developer stock.
Authorizes establishment within the Technology Administration of 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). Establishes a Nanotechnology Startup Advisory Council.
Directs the National Science Foundation (NSF) to establish a Nanoscale Science and Engineering Center for the development of computer aided design tools for nanotechnology applications.
Requires the establishment of nanotechnology research grant programs by the: (1) Secretary of Energy (DOE) to address the need for clean, cheap, renewable energy; (2) Administrator of the Environmental Protection Agency (EPA) to address technologies for remediation of pollution and other environmental protection technologies; (3) Secretary of Homeland Security (DHS) to address the need for sensors and other materials related to homeland security needs; and (4) Secretary of Health and Human Services (HHS) to address health related applications of nanotechnology.
Requires the Director of the National Nanotechnology Coordination Office to transmit a nanotechnology research strategy that establishes priorities for the federal government and industry.
Amends the IRC to: (1) allow a tax credit for nanotechnology education and training program expenses; and (2) revise, for purposes of Hope and Lifetime Learning tax credits, the definition of "eligible educational institution" to include commercial nanotechnology training providers.
Directs the NSF to establish: (1) a grant program for the development of curriculum materials for interdisciplinary nanotechnology courses at institutions of higher education, and (2) establish a program to encourage manufacturing companies to enter into partnerships with occupational training centers for the development of training to support nanotechnology manufacturing.
Directs the Secretary of Energy to transmit a strategy for increasing interaction on nanotechnology issues between scientists and engineers at the Department of Energy's national laboratories and in the informal science education community.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 394 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 394
To ensure the development and responsible stewardship of
nanotechnology.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 23, 2013
Mr. Honda introduced the following bill; which was referred to the
Committee on Science, Space, and Technology, and in addition to the
Committees on Energy and Commerce, Ways and Means, and Homeland
Security, for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To ensure the development and responsible stewardship of
nanotechnology.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Nanotechnology Advancement and New
Opportunities Act''.
TITLE I--INVESTMENT IN NANOTECHNOLOGY INDUSTRY
SEC. 101. NANOMANUFACTURING INVESTMENT PARTNERSHIP.
(a) Establishment.--If $100,000,000 is made available for such
purposes from the private sector within 2 years after the date of
enactment of this Act, the Secretary of Commerce shall establish the
Nanomanufacturing Investment Partnership, in partnership with such
private sector investors.
(b) Purpose.--The Nanomanufacturing Investment Partnership shall
provide funding for precommercial nanomanufacturing research and
development projects, but not for basic research projects, through
funding mechanisms described in subsection (c) in a manner so as to
advance the commercialization of nanomanufacturing technologies to
address critical scientific and engineering needs of national
importance, especially with respect to projects that would not be
adequately funded or pursued by the private sector or pursuant to the
21st Century Nanotechnology Research and Development Act or other law,
and to increase the commercial application of federally supported
research results. To the extent that a sufficient number of viable
applications have been submitted, at least 85 percent of the funding
provided by the Nanomanufacturing Investment Partnership under this
section shall be provided to startup companies.
(c) Funding Mechanisms.--The Nanomanufacturing Investment
Partnership may provide funding through direct investment in
nanomanufacturing firms, contracts, loans or loan guarantees, unsecured
subordinated debt, or any other mechanism designed to advance
nanomanufacturing technologies.
(d) Return on Investment.--
(1) Requirement.--Each transaction through which the
Nanomanufacturing Investment Partnership provides funding under
subsection (c) shall provide for the return to the
Nanomanufacturing Investment Partnership of fair and reasonable
amounts resulting from the commercialization of technologies
developed with the funding provided by the Nanomanufacturing
Investment Partnership.
(2) Distribution.--Amounts received by the
Nanomanufacturing Investment Partnership pursuant to paragraph
(1) shall be distributed as follows:
(A) Except as provided in subparagraph (B), amounts
shall be distributed to all investors in the
Nanomanufacturing Investment Partnership, including the
Federal Government, in proportion to their monetary
contribution to the Nanomanufacturing Investment
Partnership.
(B) After the total monetary investment of the
Federal Government has been recovered under
subparagraph (A), the Federal share of distributions
under this paragraph shall be reduced to 7 percent of
the proportional distribution under subparagraph (A),
and the remaining amounts shall be distributed
proportionately to all non-Federal investors.
(e) Cost Sharing.--Each applicant for funding assistance from the
Nanomanufacturing Investment Partnership for a project shall be
required to provide a portion of the cost of the project.
(f) Administration.--The Secretary of Commerce, based on guidance
from the Advisory Board established under subsection (i), shall make
awards of funding under this section. The Advisory Board may obtain
additional peer review in preparing guidance for the Secretary under
this subsection.
(g) Progress Reports.--The Nanomanufacturing Investment Partnership
shall require periodic project progress reports from recipients of
funding under this section.
(h) Advisory Board.--
(1) Establishment.--The Secretary of Commerce shall
establish an Advisory Board to assist the Secretary in carrying
out this section, including by establishing requirements for
progress reports under subsection (g). The Advisory Board shall
consist of--
(A) representatives of each investor providing more
than $10,000,000 to the Nanomanufacturing Investment
Partnership, whose votes shall--
(i) be distributed proportional to the size
of their investment in the Nanomanufacturing
Investment Partnership; and
(ii) collectively amount to 40 percent of
the votes on the Advisory Board; and
(B) independent experts on nanomanufacturing and
finance appointed by the President from among
representatives of government, industry, and academia,
whose votes shall collectively amount to 60 percent of
the votes on the Advisory Board.
(2) Terms.--Members of the Advisory Board appointed under
paragraph (1)(A) shall be appointed for 3-year terms, except
that the President shall make some initial appointments for
terms of 1 year and some for terms of 2 years, in order to
ensure continuity of membership on the Advisory Board.
(i) Authorization of Appropriations.--There are authorized to be
appropriated to the Secretary of Commerce for the Nanomanufacturing
Investment Partnership $300,000,000, to remain available until
expended.
SEC. 102. TAX CREDIT FOR INVESTMENT IN NANOTECHNOLOGY FIRMS.
(a) In General.--Part IV of subchapter A of chapter 1 of the
Internal Revenue Code of 1986 (relating to credits against tax) is
amended by adding at the end the following new subpart:
``Subpart J--Nanotechnology Development Credit
``SEC. 54I. CREDIT FOR PURCHASE OF NANOTECHNOLOGY DEVELOPER STOCK.
``(a) Allowance of Credit.--
``(1) In general.--There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an
amount equal to the applicable percentage of the aggregate
amount paid by the taxpayer for the purchase of qualified
nanotechnology developer stock.
``(2) Applicable percentage.--For purposes of subsection
(a), the applicable percentage is--
``(A) 5.25 percent for the taxable year in which
the qualified nanotechnology developer stock is
purchased,
``(B) 3.75 percent for the taxable year following
the year in which such stock is purchased,
``(C) 3 percent for the second taxable year
following the year in which such stock is purchased,
``(D) 1.5 percent for the third taxable year
following the year in which such stock is purchased,
``(E) 1.5 percent for fourth taxable year following
the year in which such stock is purchased, and
``(F) 0 percent for any taxable year after the
fourth taxable year following the year in which such
stock is purchased.
``(b) Limitations.--
``(1) Amount of investment eligible.--No credit shall be
allowed under subsection (a) with respect to amounts paid in
any taxable year for the purchase of qualified nanotechnology
developer stock which is in excess of $10,000,000.
``(2) Application with other credits.--The credit allowed
under subsection (a) for any taxable year shall not exceed the
excess of--
``(A) the regular tax for the taxable year reduced
by the sum of the credits allowable under this part
(other than subpart C thereof), over
``(B) the tentative minimum tax for the taxable
year.
``(c) Qualified Nanotechnology Developer Stock.--For purposes of
this section--
``(1) In general.--The term `qualified nanotechnology
developer stock' means any common stock in a C corporation or
any membership unit in a State-registered limited liability
company if--
``(A) as of the date of issuance of such stock or
membership unit, such corporation or company is a
qualified nanotechnology developer,
``(B) such stock is acquired by the taxpayer at its
original issue (directly or through an underwriter) in
exchange for money or other property (not including
stock), and
``(C) the proceeds of such issue are used by such
issuer during the 5-year period beginning on the date
of issuance for the development, production, or sale of
products using nanotechnology.
``(2) Qualified nanotechnology developer.--The term
`qualified nanotechnology developer' means any entity--
``(A) which is a C corporation or limited liability
company organized under the laws of any State or of the
United States,
``(B) which is a small business concern (as defined
in section 3(a) of the Small Business Act), and
``(C) with respect to which a certification under
subsection (d) is in effect.
``(3) Nanotechnology.--The term `nanotechnology' means the
science of understanding and manipulating matter on an atomic
or molecular scale, generally to create structures, and usually
at a size smaller than 100 nanometers.
``(d) Certification.--
``(1) In general.--The Secretary, in consultation with the
National Nanotechnology Coordination Office, shall certify an
entity under this subsection if such entity demonstrates by the
submission of such information as required by the Secretary
that not less than 51 percent of its activities relate to the
development, production, and sale of products using
nanotechnology.
``(2) Revocation.--The Secretary shall revoke the
certification of any entity which is certified under paragraph
(1) if the Secretary determines that--
``(A) the proceeds from any qualified
nanotechnology developer stock issued by such entity
are used during the 5-year period following such issue
for a purpose other than the development, production,
or sale of products using nanotechnology, or
``(B) such entity no longer meets the requirements
of paragraph (1).
``(3) Submission of information.--The Secretary may require
any entity certified under paragraph (1) to provide such
information as the Secretary may require in order ensure
compliance with the purposes of this section.
``(e) Carryover of Unused Credit.--
``(1) In general.--If the credit amount allowable under
subsection (a) for a taxable year exceeds the amount of the
limitation under subsection (h) for such taxable year, such
excess shall be allowed as a credit carryforward for each of
the 20 taxable years following the unused credit year.
``(2) Rules.--Rules similar to the rules of section 39
shall apply with respect to the credit carryforward under
paragraph (1).
``(f) Recapture of Credit.--If--
``(1) the taxpayer fails to hold qualified nanotechnology
developer stock for the 7-year period beginning on the date
such stock was purchased by the taxpayer, or
``(2) during such 7-year period, the issuer of such stock
ceases to be a qualified nanotechnology developer,
then notwithstanding any other provision of this subtitle, the tax
imposed by this chapter on the taxpayer for the taxable year beginning
in the calendar year in which such cessation occurred shall be
increased by the aggregate amount of credit allowed under subsection
(a) to the taxpayer with respect to such stock.
``(g) Special Rule.--For purposes of this section, rules similar to
the rules of section 1202(c)(3) shall apply.
``(h) Basis Adjustments.--For purposes of this subtitle, if a
credit is allowed under this section for the purchase of any stock--
``(1) the increase in the basis of such stock which would
(but for this subsection) result from such purchase shall be
reduced by the amount of the credit so allowed, and
``(2) the basis of such stock shall be increased by the
amount of any increase in tax by reason of subsection (f).''.
(b) Conforming Amendment.--Subsection (a) of section 1016 of such
Code is amended by striking ``and'' at the end of paragraph (36), by
striking the period at the end of paragraph (37) and inserting ``;
and'', and by adding at the end the following new paragraph:
``(38) to the extent provided in section 54I(h), in the
case of amounts with respect to which a credit has been allowed
under section 54I or a recapture imposed under section
54I(f).''.
(c) Clerical Amendment.--The table of subparts for part IV is
amended by adding at the end the following new item:
``subpart j--nanotechnology development credit''.
(d) Effective Date.--The amendments made by this section shall
apply to amounts paid after December 31, 2010.
SEC. 103. NANOTECHNOLOGY ASSISTANCE.
(a) Definitions.--In this section:
(1) Commercialization.--The term ``commercialization''
means the process of converting nanotechnology research into
products and processes that are used in the marketplace.
(2) Degree-granting institution.--The term ``degree-
granting institution'' means an institution of higher
education, as defined in section 101 of the Higher Education
Act of 1965 (20 U.S.C. 1001), that awards an associate or
baccalaureate degree.
(3) Incubator.--The term ``incubator'' means an entity
affiliated with or housed in a degree-granting institution that
provides space and coordinated and specialized services to
entrepreneurial businesses that work in the field of
nanotechnology commercialization and that meets selected
criteria during the businesses' startup phase, including
providing services such as shared office space and services,
access to equipment, access to telecommunications and
technology services, flexible leases, specialized management
assistance, access to financing, and other coordinated business
or technical support services.
(4) Nanotechnology.--The term ``nanotechnology'' means the
science of understanding and manipulating matter on an atomic
or molecular scale, generally to create structures, and usually
at a size smaller than 100 nanometers.
(5) Secretary.--The term ``Secretary'' means the Secretary
of Commerce.
(b) Grants Authorized.--
(1) In general.--The Secretary is authorized to establish
within the Technology Administration of the Department of
Commerce a grant program to support the establishment and
development of incubators.
(2) Allocation of funds.--From the amount appropriated
pursuant to the authorization of appropriations in subsection
(e) for a fiscal year, the Secretary--
(A) shall use 80 percent of such amount to--
(i) make awards, on a competitive basis, in
amounts of up to $2,500,000, to help acquire or
renovate space for incubators; and
(ii) make awards, on a competitive basis,
in amounts of $50,000 to $150,000, for--
(I) developing curricula related to
nanotechnology;
(II) providing services for
commercialization, including preparing
providing services to appropriate
businesses including corporate
charters, partnership agreements, and
basic contracts, assistance with
patents, trademarks, and copyrights,
and technology acquisition services; or
(III) providing programming for
entrepreneurs working in nanotechnology
housed in an incubator;
(B) shall reserve 10 percent of the amount to make
awards, on a competitive basis, in amounts of $50,000
to $150,000, for feasibility studies for determining
the need for or siting of incubators; and
(C) shall reserve 10 percent for research regarding
best practices for incubator programs, including the
development of a benchmarking system based on uniform
measures, and for dissemination of information
regarding such practices.
(3) Contracts.--The Secretary is authorized to contract
with organizations with expertise in incubation practices for
the purposes of carrying out paragraph (2)(C).
(4) Uses of funds.--Funds awarded under paragraph
(2)(A)(ii) may be used for--
(A) curriculum, training, or technical assistance
related to nanotechnology developed by academic faculty
with participation from entrepreneurship experts;
(B) programming that contributes to a coordinated
set of business assistance tools, such as developing
management teams, providing workforce development,
forming strategic alliances, developing capital
formation networks, and developing customized plans for
commercialization; and
(C) hiring staff to coordinate the activities
described in subparagraph (A) or (B) or for curriculum
development.
(5) Recipients.--The Secretary shall make an award--
(A) described in paragraph (2)(A) to a nonprofit
entity that has a strong affiliation with a degree-
granting institution and manages or provides technical
assistance to the degree-granting institution's
affiliated incubator, or if no nonprofit entity manages
or provides technical assistance to the incubator, to
the degree-granting institution managing the incubator;
and
(B) described in paragraph (2)(B) to a degree-
granting institution.
(6) Applications.--Each entity desiring assistance under
this section shall submit an application to the Secretary at
such time, in such manner, and accompanied by such information
as the Secretary may require.
(7) Selection.--
(A) Priority.--The Secretary shall give priority to
funding applications under this subsection for
activities that--
(i) will be carried out at a facility that
is included in the Centers and Networks of
Excellence of the research and development
program known as the National Nanotechnology
Initiative;
(ii) provide strong educational
opportunities to students in fields related to
nanotechnology and commercialization; and
(iii) require significant collaboration
between businesses and academia.
(B) Consideration.--The Secretary may give
consideration to funding applications under this
subsection that support--
(i) the building of new incubators;
(ii) incubators that work with faculty
entrepreneurs or university-based research;
(iii) incubators that are located in areas
with an established venture capital industry
and other industry support, including
leadership and legal support, for
commercialization; or
(iv) incubators that have secured
additional private funding.
(c) Nanotechnology Startup Advisory Council.--
(1) Establishment.--The Secretary shall establish a
Nanotechnology Startup Advisory Council composed of industry
leaders, business and marketing professionals, venture
capitalists, attorneys, and nanotechnology researchers.
(2) Purpose.--The purpose of the Nanotechnology Startup
Advisory Council is to ensure that emerging nanotechnology
companies create a sound foundation for new business.
(d) Report.--Not later than September 30 of the third fiscal year
during which assistance is provided under this section, the Secretary
shall prepare and submit to Congress a report that--
(1) describes the most effective or innovative additions to
curricula related to nanotechnology that were developed with
such assistance;
(2) contains a comparison of the success of nanotechnology
companies developed in incubators that received such assistance
with the success of other nanotechnology companies;
(3) describes any factors leading to success of companies
that were developed in incubators;
(4) recommends the best role for degree-granting
institutions in commercialization; and
(5) contains a comparison of academic-affiliated incubators
of specific missions and ages that received assistance under
this section with other incubators with similar missions and
ages.
(e) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section $25,000,000 for each of the
fiscal years 2012, 2013, and 2014.
TITLE II--RESEARCH AND DEVELOPMENT DIRECTIONS
SEC. 201. NANOSCALE SCIENCE AND ENGINEERING CENTER.
Section 9 of the 21st Century Nanotechnology Research and
Development Act (15 U.S.C. 7508) is amended--
(1) by redesignating subsection (c) as subsection (d); and
(2) by inserting after subsection (b) the following new
subsection:
``(c) Nanoscale Science and Engineering Center.--
``(1) Establishment.--The National Science Foundation shall
provide for the establishment, on a merit reviewed and
competitive basis, of a center for the development of computer
aided design tools for nanotechnology applications.
``(2) Authorization of appropriations.--There are
authorized to be appropriated to the National Science
Foundation for carrying out this subsection $10,000,000.''.
SEC. 202. FEDERAL PROGRAMS.
The 21st Century Nanotechnology Research and Development Act (15
U.S.C. 7501 et seq.) is amended--
(1) by redesignating sections 9 and 10 as sections 12 and
13, respectively;
(2) in section 8, by adding at the end the following new
subsection:
``(c) Research Program.--
``(1) Establishment.--The Secretary of Energy shall provide
for the establishment, on a merit reviewed and competitive
basis, of a grant program for nanotechnology research to
address the need for clean, cheap, renewable energy.
``(2) Authorization of appropriations.--There are
authorized to be appropriated to the Secretary of Energy for
carrying out this subsection $30,000,000 for each fiscal
year.''; and
(3) by inserting after section 8 the following new
sections:
``SEC. 9. ENVIRONMENTAL PROTECTION AGENCY PROGRAMS.
``(a) Establishment.--The Administrator of the Environmental
Protection Agency shall provide for the establishment, on a merit
reviewed and competitive basis, of a grant program for nanotechnology
research to address technologies for the remediation of pollution and
other environmental protection technologies.
``(b) Authorization of Appropriations.--There are authorized to be
appropriated to the Administrator of the Environmental Protection
Agency for carrying out this section $30,000,000 for each fiscal year.
``SEC. 10. DEPARTMENT OF HOMELAND SECURITY PROGRAMS.
``(a) Establishment.--The Secretary of Homeland Security shall
provide for the establishment, on a merit reviewed and competitive
basis, of a grant program for nanotechnology research to address the
need for sensors and other materials related to homeland security
needs.
``(b) Authorization of Appropriations.--There are authorized to be
appropriated to the Secretary of Homeland Security for carrying out
this section $30,000,000 for each fiscal year.
``SEC. 11. DEPARTMENT OF HEALTH AND HUMAN SERVICES PROGRAMS.
``(a) Establishment.--The Secretary of Health and Human Services
shall provide for the establishment, on a merit reviewed and
competitive basis, of a grant program for nanotechnology research to
address the health related applications of nanotechnology.
``(b) Authorization of Appropriations.--There are authorized to be
appropriated to the Secretary of Health and Human Services for carrying
out this section $30,000,000 for each fiscal year.''.
TITLE III--ENVIRONMENTAL NANOTECHNOLOGY APPLICATIONS
SEC. 301. NANOTECHNOLOGY RESEARCH STRATEGY.
Not later than 1 year after the date of enactment of this Act, the
Director of the National Nanotechnology Coordination Office shall,
after consultation with appropriate Federal agencies and industry,
transmit to the Congress a report containing a nanotechnology research
strategy that establishes priorities for the Federal Government and
industry that will ensure the development and responsible stewardship
of nanotechnology. The report shall include recommendations regarding
the funding levels the Director anticipates the agencies charged with
implementing this research strategy will require.
TITLE IV--EDUCATION
SEC. 401. CREDIT FOR NANOTECHNOLOGY EDUCATION AND TRAINING PROGRAM
EXPENSES.
(a) In General.--Subpart B 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:
``SEC. 30E. NANOTECHNOLOGY EDUCATION AND TRAINING PROGRAM EXPENSES.
``(a) Allowance of Credit.--
``(1) In general.--There shall be allowed as a credit
against the tax imposed by this chapter for the taxable year an
amount equal to 50 percent of nanotechnology education and
training program expenses paid or incurred by the taxpayer for
the benefit of--
``(A) in the case of a taxpayer engaged in a trade
or business, an employee of the taxpayer, or
``(B) in the case of a taxpayer who is an
individual not so engaged, such individual.
``(2) Coordination of credits.--Credit shall be allowable
to the employer with respect to an employee only to the extent
that the employee assigns some or all of the limitation
applicable to such employee under subsection (b) to such
employer.
``(b) Limitations.--
``(1) In general.--The amount of expenses with respect to
any individual which may be taken into account under subsection
(a) for the taxable year shall not exceed $4,000.
``(2) Increase in credit amount for participation in
certain programs and for certain individuals.--Paragraph (1)
shall be applied by substituting `$5,000' for `$4,000' in the
case of expenses--
``(A) with respect to a program operated--
``(i) in an empowerment zone or enterprise
community designated under part I of subchapter
U or a renewal community designated under part
I of subchapter X,
``(ii) in a school district in which at
least 50 percent of the students attending
schools in such district are eligible for free
or reduced-cost lunches under the school lunch
program established under the Richard B.
Russell National School Lunch Act,
``(iii) in an area designated as a disaster
area by the Secretary of Agriculture under
section 321 of the Consolidated Farm and Rural
Development Act or by the President under the
Robert T. Stafford Disaster Relief and
Emergency Assistance Act in the taxable year or
the 4 preceding taxable years,
``(iv) in a rural enterprise community
designated under section 766 of the
Agriculture, Rural Development, Food and Drug
Administration, and Related Agencies
Appropriations Act, 1999 (112 Stat. 2681-37),
``(v) in an area designated by the
Secretary of Agriculture as a Rural Economic
Area Partnership Zone,
``(vi) in an area over which an Indian
tribal government (as defined in section
7701(a)(40)) has jurisdiction, or
``(vii) by an employer who has 200 or fewer
employees for each business day in each of 20
or more calendar weeks in the current or
preceding calendar year, or
``(B) in the case of an individual with a
disability.
``(c) Nanotechnology Education and Training Program Expenses.--For
purposes of this section--
``(1) In general.--The term `nanotechnology education and
training program expenses' means expenses paid or incurred by
reason of the participation of the taxpayer (or any employee of
the taxpayer) in any nanotechnology education and training
program. Such expenses shall include expenses paid in
connection with--
``(A) course work,
``(B) certification testing,
``(C) programs carried out under the Act of August
16, 1937 (50 Stat. 664, chapter 663; 29 U.S.C. 50 et
seq.) which are registered by the Department of Labor,
and
``(D) other expenses that are essential to
assessing skill acquisition.
``(2) Nanotechnology education and training program.--The
term `nanotechnology education and training program' means a
training program in nanotechnology workplace disciplines or
other skill sets which is provided in the United States by an
accredited college, university, private career school,
postsecondary educational institution, a commercial
nanotechnology provider, or an employer-owned nanotechnology
training organization.
``(3) Commercial nanotechnology training provider.--The
term `commercial nanotechnology training provider' means a
private sector organization providing a nanotechnology
education and training program.
``(4) Employer-owned nanotechnology training
organization.--The term `employer-owned nanotechnology training
organization' means a private sector organization that provides
nanotechnology training to its employees using internal
training development and delivery personnel. The training
programs must use industry-recognized training disciplines and
evaluation methods, comparable to institutional and commercial
training providers.
``(d) Denial of Double Benefit.--
``(1) Disallowance of other credits and deductions.--No
deduction or credit shall be allowed under any other provision
of this chapter for expenses taken into account in determining
the credit under this section.
``(2) Reduction for hope and lifetime learning credits.--
The amount taken into account under subsection (a) shall be
reduced by the nanotechnology education and training program
expenses taken into account in determining the credits under
section 25A.
``(e) Certain Rules Made Applicable.--For purposes of this section,
rules similar to the rules of section 45A(e)(2) and subsections (c),
(d), and (e) of section 52 shall apply.
``(f) Application With Other Credits.--The credit allowed by
subsection (a) for any taxable year shall not exceed the excess (if
any) of--
``(1) the regular tax for the taxable year reduced by the
sum of the credits allowable under the subpart A and the
previous sections of this subpart, over
``(2) the tentative minimum tax for the taxable year.''.
(b) Clerical Amendment.--The table of sections for subpart B 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:
``Sec. 30E. Nanotechnology education and training program expenses.''.
(c) Effective Date.--The amendments made by this section shall
apply to amounts paid or incurred in taxable years beginning after
December 31, 2010.
SEC. 402. ELIGIBLE EDUCATIONAL INSTITUTION.
(a) In General.--Section 25A(f)(2) of the Internal Revenue Code of
1986 (relating to eligible educational institution) is amended to read
as follows:
``(2) Eligible educational institution.--The term `eligible
educational institution' means--
``(A) an institution--
``(i) which is described in section 101(b)
or 102(a) of the Higher Education Act of 1965,
and
``(ii) which is eligible to participate in
a program under title IV of such Act, or
``(B) a commercial nanotechnology training provider
(as defined in section 30E(c)(3)).''.
(b) Conforming Amendment.--The second sentence of section 221(d)(2)
of the Internal Revenue Code of 1986 is amended by striking ``section
25A(f)(2)'' and inserting ``section 25A(f)(2)(A)''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2010.
SEC. 403. CURRICULUM DEVELOPMENT PROGRAM.
(a) Establishment.--The National Science Foundation shall provide
for the establishment, on a merit reviewed and competitive basis, of a
grant program for the development of curriculum materials for
interdisciplinary nanotechnology courses at institutions of higher
education.
(b) Authorization of Appropriations.--There are authorized to be
appropriated to the National Science Foundation for carrying out this
section $15,000,000 for each of the fiscal years 2012 through 2015.
SEC. 404. TRAINING PARTNERSHIPS.
The National Science Foundation, through its Advanced Technological
Education program, shall establish a program to encourage manufacturing
companies to enter into partnerships with occupational training centers
for the development of training to support nanotechnology
manufacturing.
TITLE V--PUBLIC OUTREACH
SEC. 501. INTERACTION BETWEEN SCIENTISTS AND ENGINEERS.
Not later than 6 months after the date of enactment of this Act,
the Secretary of Energy shall transmit to the Congress a report
containing a strategy for increasing interaction on nanotechnology
issues between scientists and engineers at the Department of Energy's
National Laboratories and in the informal science education community,
to enable researchers to use their expertise to assist in the
development of appropriate nanotechnology exhibitions for school age
children and the general public.
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Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E51)
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Ways and Means, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Ways and Means, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Ways and Means, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Ways and Means, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Environment and the Economy.
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Referred to the Subcommittee on Research and Technology.
Referred to the Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies.