Foundation for Enabling Biotechnology Innovation Act

This bill would require the Director of the National Science Foundation to create a nonprofit called the Foundation for Enabling Biotechnology Innovation. Its mission would be to speed up the commercial use of biotechnology products in the United States by supporting federal agencies and building partnerships among industry, universities, and nonprofits. The foundation could fund research, run fellowship and education programs, and accept private donations, but not from foreign countries or entities of concern. It would be run by a board of non-federal voting members, would not be a federal agency, and could not regulate products. The bill authorizes $4 million per year for the National Science Foundation to carry out this section starting in fiscal year 2026, and requires the National Science Foundation to transfer at least $4 million per year to the foundation.

Full text and official record on Congress.gov

Sponsors

• Alex Padilla Democrat sponsor
• 1 cosponsors