US Congress Senate Bill 1259 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 7 2015 - 25% progression, died in chamber
Action: 2015-06-09 - Committee on Energy and Natural Resources. Hearings held.
Text: Latest bill text (Introduced) [PDF]

National Laboratory Technology Maturation Act of 2015 Requires the Department of Energy to establish the National Laboratory technology maturation program to make grants of up to $5 million per fiscal year to National Laboratories to increase the successful transfer of technologies licensed from National Laboratories to small businesses by providing a link between an innovative process or technology and a practical application with potential to be successful in commercial markets. Requires grant recipients to use the funds to provide vouchers of up to $250,000 each to small businesses that hold a technology license from a National Laboratory to pay the cost of providing assistance from its scientists and engineers to assist in the development of the licensed technology and further develop related products and services until they are market-ready or sufficiently developed to attract private investment. Requires a National Laboratory that awards a voucher to carry out such a project to: (1) establish a procedure to monitor interim progress of the project toward commercialization milestones, and (2) discontinue providing such funding or assistance if it determines that a project is not making adequate progress toward such milestones under the procedure.

National Laboratory Technology Maturation Act of 2015

Sen. Martin Heinrich [D-NM]

Sen. Michael Bennet [D-CO]

Date	Chamber	Action
2015-06-09	Senate	Committee on Energy and Natural Resources. Hearings held.
2015-05-07	Senate	Read twice and referred to the Committee on Energy and Natural Resources.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1259/all-info
Text	https://www.congress.gov/114/bills/s1259/BILLS-114s1259is.pdf