Bill > HR8673

This bill establishes the Foundation for Standards and Metrology, a nonprofit corporation, within the National Institute of Standards and Technology (NIST). The Foundation's mission is to support NIST's activities in advancing measurement science, technical standards, and technology to enhance the economic security and prosperity of the United States. It will do this by supporting international metrology and standards engagement, research projects, collaboration with industry and academia, and the commercialization of emerging technologies. The Foundation will be governed by a Board of Directors with representation from diverse stakeholders and will be responsible for raising funds, accepting donations, and overseeing the Foundation's operations. The bill also outlines provisions for the Foundation's administration, financial reporting, and auditing to ensure transparency and integrity.