Bill summaries are authored by CRS.

Shown Here:
Passed House amended (05/19/2015)

Science Prize Competitions Act

Amends the Stevenson-Wydler Technology Innovation Act of 1980 regarding prize competitions, allowing an agency to waive liability insurance requirements for participants.

Allows an agency to enter into a grant, contract, cooperative agreement, or other agreement with a private sector for-profit as well as a nonprofit entity (as under current law) to administer a prize competition.

Permits the use of funds from private sector for-profit entities to support a prize competition.

Prohibits an agency from giving special consideration to any private sector for-profit entity in return for a donation.

Limits the use of federal funds to those made available by appropriations Acts.