Bill > S4639

This bill establishes the Foundation for Standards and Metrology 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. The bill outlines the Foundation's activities, including supporting international metrology and standards engagement, collaborating with researchers and industry, and commercializing federally funded research. The Foundation will be governed by a Board of Directors composed of appointed and ex officio members, and it will have an Executive Director responsible for daily operations. The bill also includes provisions related to the Foundation's funding, auditing, and reporting requirements.