Summary: H.R.4550 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.4550. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/24/1992)

AmeRus Foundation for Research and Development Act of 1992 - Requires the Director of the National Science Foundation to establish the AmeRus Foundation for Research and Development as an endowed, nongovernmental, nonprofit foundation to: (1) promote and support joint research for peaceful purposes between scientists and engineers in the United States and former Soviet states; (2) establish joint nondefense industrial research and development through private sector linkages which may involve the academic sectors and shall include some contribution from industrial participants; and (3) ensure equal distribution of Foundation funding.

Authorizes the Foundation to accept funding from governmental appropriations, private donations, debt conversions, and local foreign currencies generated by U.S. assistance programs as available. Requires a specified percentage of royalty revenues on patents resulting from Foundation projects to be returned to the Foundation.

Authorizes appropriations.