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Code · BILL · 114th Congress · S. 2287 (Introduced in Senate) — To amend the Department of Energy Organization Act to improve technology transfer at the Department of Energy by redu... · Sec. 5

Sec. 5. Technology Transfer Investment Initiative

290 words·~1 min read·/bill/114/s/2287/is/section-5

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Title II of the Department of Energy Organization Act ( 42 U.S.C. 7131 et seq. ) (as amended by section 4) is amended by adding at the end the following: The Secretary and the Administrator of the Small Business Administration (referred to in this section as the Administrator ) shall jointly establish and carry out a Technology Transfer Investment Initiative (referred to in this section as the Initiative ). To carry out the Initiative, the Secretary shall enter into a memorandum of understanding with the Administrator to coordinate a partnership program carried out by— the Office of Technology Transitions established by section 218 (referred to in this section as the Office ); and the Small Business Investment Company (referred to in this section as SBIC ) Program of the Small Business Administration.
The goal of the partnership program shall be to leverage the strengths of the SBIC program to benefit the Lab-Corps established under section 219(a) completing the Department program. The Administrator, in consultation with the Secretary, shall solicit SBIC participation in the technology transfer investment initiative of the Small Business Administration and the Department. A SBIC that agrees or is selected to participate in technology transfer investment initiative shall— regularly review proposals created by Lab-Corps teams for possible investment; assess each proposal against the criteria established by the SBIC; and comply with all provisions of law applicable to the Small Business Administration (including regulations).
The Office, in coordination with the Lab-Corps established by the Secretary under section 219, shall establish and coordinate regional geographic areas to carry out the Initiative. The Office and SBICs shall leverage, to the maximum extent practicable, the experience and expertise of local, State, and regional partners to efficiency and effectively implement the Initiative. .
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Sec. 5
Technology Transfer Investment Initiative
U.S.C.§ 7131
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