Invent Here, Make Here Act of 2024

The Invent Here, Make Here Act of 2024 requires federal agencies to prioritize U.S. manufacturing for products developed from federally funded research. It directs the National Institute of Standards and Technology (NIST) to connect researchers with domestic manufacturers and investors, and mandates that licenses for federally funded inventions must include agreements ensuring products are "manufactured substantially in the United States" unless a strict waiver is granted. The bill also requires a 540-day study on barriers to domestic commercialization and updates research program guidelines to ensure innovations are produced in the U.S. This affects federal agencies, small businesses, and nonprofits receiving federal research funding, as they must now align licensing and commercialization efforts with domestic production goals.