Expanding Partnerships for Innovation and Competitiveness Act

HR 2582, the Expanding Partnerships for Innovation and Competitiveness Act, creates a nonprofit organization called the Foundation for Standards and Metrology to support the National Institute of Standards and Technology (NIST). The Foundation will work with researchers, universities, industry, and nonprofits to advance measurement science, technical standards, and technology commercialization to enhance U.S. economic security. It will be governed by a Board of Directors with 11 appointed members representing diverse stakeholders, and must become financially self-sustaining within five years. The Foundation will conduct studies, support research facilities, facilitate commercialization of federally funded research, and report annually to Congress on its activities and financial status. The bill authorizes $500,000-$1,250,000 annually from NIST's budget to fund the Foundation starting in fiscal year 2026.