In April 2019, the National Institute of Standards and Technology (NIST) announced the release of a Final Green Paper from its Return on Investment (ROI) Initiative for Unleashing American Innovation. This national goal aims to dramatically increase returns from the more than $150 billion per year of U.S. federal investment in research and development.
The NIST ROI Green Paper provided a summary of private and public stakeholder inputs received from hundreds of experts and organizations representing thousands of companies, universities, federal laboratories and other institutions. The document identified 15 findings by NIST to help inform decision-making and implementing actions by the relevant departments and agencies that could further enhance the U.S. innovation engine at the public-private interface.
Eight of the 15 findings noted that implementation would require revisions to the Stevenson-Wydler Technology Innovation Act of 1980, 15 U.S.C. 3710 et seq. NIST is pleased to share that the ROI Legislative Package for modernizing the Stevenson-Wydler Act has now been released to Congress for consideration. This legislative package has gone through extensive interagency review and has been cleared by the Office of Management and Budget for congressional action.
The ROI Legislative Package contains ten proposals that respond directly to findings outlined in the NIST ROI Green Paper:
LEGISLATIVE PROPOSAL
NIST GREEN PAPER
PURPOSE
Copyright in Federal Laboratory Computer Programs
Finding 4
Creates a limited exception to the prohibition for copyright by federal laboratories for certain software products
Extend CRADA Information Protection Period
Finding 5
Extends the Cooperative Research and Development Agreement in ..
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