Expanding Partnerships for Innovation and Competitiveness Act
This bill establishes a nonprofit corporation, to be known as the Foundation for Standards and Metrology, to support the mission and activities of the National Institute of Standards and Technology (NIST).
Among other activities, the foundation may
The foundation must not be an agency or instrumentality of the federal government. No officer or employee of the foundation may exercise administrative control over a federal employee.
The foundation may solicit, accept, and use funds and gifts to support its activities, and it may transfer funds and property to NIST.
The foundation must submit a strategic plan to Congress, including short- and long-term objectives and a plan for the foundation to become financially self-sustaining. The foundation must also publish periodic reports describing its activities, financial condition, and a description of all support provided to the foundation.
The Government Accountability Office must report to Congress with an evaluation of the foundation’s operations and any recommendations for improvement.