Sec. 10242. OTHER TRANSACTIONS AUTHORITY
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## SEC. 10242 OTHER TRANSACTIONS AUTHORITY ###
(a)In General Paragraph
(4)of section 2(b) of the National Institute of Standards and Technology Act (15 U.S.C. 272(b)) is amended to read as follows: > > #### “(4) > > to enter into and perform such contracts, including cooperative research and development arrangements and grants and cooperative agreements or other transactions, as may be necessary in the conduct of its work and on such terms as it may determine appropriate, in furtherance of the purposes of this Act;” > . ###
(b)Reporting **[**[15 U.S.C. 272 note](/us/usc/t15/s272)**]** Not later than one year after the date of the enactment of this Act and not less than annually thereafter, the Secretary shall submit to the Committee on Science, Space, and Technology and the Committee on Appropriations of the House of Representatives and the Committee on Commerce, Science, and Transportation and the Committee on Appropriations of the Senate a report on the use of agreements, activities, and associated funding for transactions (other than contracts, cooperative agreements, and grants) described in paragraph
(4)of section 2(b) of the National Institute of Standards and Technology Act (as amended by subsection (a)), including the following elements: ####
(1)A description of when the other transactions authority described in such amended paragraph was used and for what purpose. ####
(2)A description of why such other transactions authority was required. ####
(3)Steps taken to ensure necessary and sufficient oversight of Federal Government requirements implemented using such other transactions authority.
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Sec. 10242
OTHER TRANSACTIONS AUTHORITY
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