‘‘(i) for public inspection, and shall 
upon request provide a copy of the report 
to any individual for a charge not to ex-
ceed the cost of providing such copy; and 
‘‘(ii) to the Committee on Science, 
Space, and Technology of the House of 
Representatives and the Committee on 
Commerce, Science, and Transportation of 
the Senate. 
‘‘(6) AUDITS AND DISCLOSURE.—The Founda-
tion shall— 
‘‘(A) provide for annual audits of the fi-
nancial condition of the Foundation, including a 
full list of the Foundation’s donors and any re-
strictions on the purposes for which gifts to the 
Foundation may be used; and 
‘‘(B) make such audits, and all other 
records, documents, and other papers of the 
Foundation, available to the Secretary and the 
Comptroller General of the United States for 
examination or audit. 
‘‘(7) EVALUATION
BY
COMPTROLLER
GEN-
ERAL.—Not later than five years after the date on 
which the Foundation is established, the Comptroller 
General of the United States shall submit to the 
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Committee on Science, Space, and Technology of the 
House of Representatives and the Committee on 
Commerce, Science, and Transportation of the Sen-
ate the following: 
‘‘(A) An evaluation of the following: 
‘‘(i) The extent to which the Founda-
tion is achieving the mission of the Foun-
dation. 
‘‘(ii) The operation of the Foundation. 
‘‘(B) Any recommendations on how the 
Foundation may be improved. 
‘‘(k) INTEGRITY.— 
‘‘(1) IN GENERAL.—To ensure integrity in the 
operations of the Foundation, the Board shall de-
velop and enforce procedures relating to standards 
of conduct, financial disclosure statements, conflicts 
of interest (including recusal and waiver rules), au-
dits, and any other matters determined appropriate 
by the Board. 
‘‘(2) FINANCIAL CONFLICTS OF INTEREST.—To 
mitigate conflicts of interest and risks from malign 
foreign influence, any individual who is an officer, 
employee, or member of the Board is prohibited 
from any participation in deliberations by the Foun-
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dation of a matter that would directly or predictably 
affect any financial interest of any of the following: 
‘‘(A) Such individual. 
‘‘(B) A relative of such individual. 
‘‘(C) A business organization or other enti-
ty in which such individual or relative of such 
individual has an interest, including an organi-
zation or other entity with which such indi-
vidual is negotiating employment. 
‘‘(l) INTELLECTUAL PROPERTY.—The Board shall 
adopt written standards to govern the ownership and li-
censing of any intellectual property rights developed by the 
Foundation or derived from the collaborative efforts of the 
Foundation. 
‘‘(m) FULL FAITH AND CREDIT.—The United States 
shall not be liable for any debts, defaults, acts, or omis-
sions of the Foundation. The full faith and credit of the 
United States shall not extend to any obligations of the 
Foundation. 
‘‘(n) SUPPORT SERVICES.—The Secretary, acting 
through the Director, may provide facilities, utilities, and 
support services to the Foundation if it is determined by 
the Director to be advantageous to the mission of the In-
stitute. 
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‘‘(o) NONAPPLICABILITY.—Chapter 10 of title 5, 
United States Code, shall not apply to the Foundation. 
‘‘(p) SEPARATE FUND ACCOUNTS.—The Board shall 
ensure that amounts received pursuant to the authoriza-
tion of appropriations under subsection (q) are held in a 
separate account from any other amounts received by the 
Foundation. 
‘‘(q) AUTHORIZATION
OF APPROPRIATIONS.—Not-
withstanding any other provision of law, from amounts au-
thorized to be appropriated for a fiscal year beginning 
with fiscal year 2026 to the Secretary of Commerce pursu-
ant to section 10211, the Director may transfer not less 
than $500,000 and not more than $1,250,000 to the 
Foundation each such fiscal year. 
‘‘(r) DEFINITIONS.—In this section: 
‘‘(1) INSTITUTION OF HIGHER EDUCATION.— 
The term ‘institution of higher education’ has the 
meaning given such term in section 101 of the High-
er Education Act of 1965 (20 U.S.C. 1001). 
‘‘(2) NIST ASSOCIATE.—The term ‘NIST asso-
ciate’ means any guest researcher, facility user, vol-
unteer, or other nonemployee of the National Insti-
tute of Standards and Technology who conducts re-
search or otherwise engages in an authorized activity 
with National Institute of Standards and Technology 
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personnel or at a National Institute of Standards 
and Technology facility. 
‘‘(3) RELATIVE.—The term ‘relative’ has the 
meaning given such term in section 13101 of title 5, 
United States Code. 
‘‘(4) TECHNICAL STANDARD.—The term ‘tech-
nical standard’ has the meaning given such term in 
section 12(d)(5) of the National Technology Trans-
fer and Advancement Act of 1995 (15 U.S.C. 272 
note).’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in sections 1 and 10000 of Public Law 117–167 are 
amended by inserting after the items relating to section 
10235 the following new items: 
‘‘Sec. 10236. Foundation for Standards and Metrology.’’. 
Æ 
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