Expanding Partnerships for Innovation and Competitiveness Act

This bill creates a new nonprofit organization, the Foundation for Standards and Metrology, to support the National Institute of Standards and Technology (NIST) in advancing measurement science, technical standards, and technology commercialization. The foundation will coordinate with NIST, universities, industry, and nonprofits to accelerate development of emerging technologies, while accepting private funding (excluding foreign government sources) and receiving $500,000-$1.25 million annually from NIST’s budget starting in 2025. It must operate independently of the federal government, develop a strategic plan for financial self-sufficiency within five years, and publish annual reports on activities and funding sources. The foundation will oversee programs like fellowships, facility improvements, and research commercialization, with strict conflict-of-interest rules and annual audits required.