Expanding Partnerships for Innovation and Competitiveness Act

HR 8673 establishes the Foundation for Standards and Metrology, a nonprofit entity to support the National Institute of Standards and Technology (NIST) in advancing measurement science, technical standards, and technology development. The Foundation will foster collaboration between NIST, researchers, industry, educational institutions, and nonprofits to accelerate the commercialization of federally funded research and provide direct support like fellowships and grants to NIST associates. Governed by a Board of Directors and required to become financially self-sustaining within five years, the Foundation must submit annual reports to Congress detailing its activities, finances, and progress toward strategic goals. The bill authorizes $1.5 million annually for NIST to fund the Foundation’s operations from 2025 through 2029.