Bill > S1956

This bill, the Invent Here, Make Here Act of 2024, aims to improve the commercialization of federal research by domestic manufacturers. The key provisions are: 1. The National Institute of Standards and Technology (NIST) will coordinate with other federal agencies and industry organizations to identify domestic manufacturers that can develop commercial products based on completed federal research, work with the Small Business Administration to connect these manufacturers with investors, and maintain a public database of domestic manufacturers and their commercialization capabilities. 2. NIST will conduct a study and review on the barriers to commercialization of federal research by domestic manufacturers and the role of investment and availability of investors, and provide recommendations to ensure federal research is effectively transferred to domestic manufacturers. 3. The bill amends the law to require that any exclusive licenses granted for federally-funded inventions must include an agreement that the resulting products will be substantially manufactured in the United States, with exceptions allowed under certain conditions. 4. The bill strengthens provisions in the Research and Development, Competition, and Innovation Act to encourage that products developed through research funded by the new Directorate for Technology, Innovation, and Partnerships will be manufactured in the United States.

Transportation and Infrastructure

https://www.congress.gov/bill/118th-congress/senate-bill/1956/all-info