H.R.4715 - Technology Corporation of America Act of 1990101st Congress (1989-1990)
|Sponsor:||Rep. Levine, Mel [D-CA-27] (Introduced 05/02/1990)|
|Committees:||House - Science, Space and Technology|
|Latest Action:||House - 09/12/1990 Subcommittee Hearings Held. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4715 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (05/02/1990)
Technology Corporation of America Act of 1990 - Establishes the Technology Corporation of America as a nonprofit corporation to: (1) assist in the redirection of Federal civilian research and development funds to better meet the strategic research and development needs of America's domestic industries; (2) assist in the creation of private and public sector research, development, and manufacturing activities focused on developing the Nation's strategic technologies; (3) encourage cooperative research and development; and (4) serve as a permanent source of strategic vision for the Nation's technological and industrial base.
Requires the Corporation's Board of Directors to establish advisory committees for financial issues and technical issues. Limits assistance by the Corporation to projects: (1) subject to exception, where majority control is held by North American companies or entities; and (2) that demonstrate the ability to obtain funding equal to or greater than that requested from the Corporation.