I 
108TH CONGRESS 
2D SESSION 
H. R. 4656 
To provide for the establishment of the Nanomanufacturing Investment 
Partnership, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 23, 2004 
Mr. HONDA introduced the following bill; which was referred to the Committee 
on Science 
A BILL 
To provide for the establishment of the Nanomanufacturing 
Investment Partnership, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Nanomanufacturing 
Investment Act of 2004’’. 
SEC. 2. NANOMANUFACTURING INVESTMENT PARTNER-
SHIP. 
(a) ESTABLISHMENT.—If $250,000,000 is made 
available for such purposes from the private sector within 
2 years after the date of enactment of this Act, the Sec-
retary 
of 
Commerce 
shall 
establish 
the 
Nanomanufacturing Investment Partnership, in partner-
ship with such private sector investors. 
(b) PURPOSE.—The Nanomanufacturing Investment 
Partnership shall provide funding for precommercial 
nanomanufacturing research and development projects, 
but not for basic research projects, through funding mech-
anisms described in subsection (c) in a manner so as to 
advance the commercialization of nanomanufacturing 
technologies to address critical scientific and engineering 
needs of national importance, especially with respect to 
projects that would not be adequately funded or pursued 
by the private sector or pursuant to the 21st Century 
Nanotechnology Research and Development Act or other 
law, and to increase the commercial application of feder-
ally supported research results. To the extent that a suffi-
cient number of viable applications have been submitted, 
at least 85 percent of the funding provided by the 
Nanomanufacturing Investment Partnership under this 
section shall be provided to startup companies. 
(c) 
FUNDING
MECHANISMS.—The 
Nanomanufacturing Investment Partnership may provide 
funding through direct investment in nanomanufacturing 
firms, contracts, loans or loan guarantees, unsecured sub-
ordinated debt, or any other mechanism designed to ad-
vance nanomanufacturing technologies. 
(d) RETURN ON INVESTMENT.— 
(1) REQUIREMENT.—Each transaction through 
which the Nanomanufacturing Investment Partner-
ship provides funding under subsection (c) shall pro-
vide for the return to the Nanomanufacturing In-
vestment 
Partnership 
of 
fair 
and 
reasonable 
amounts resulting from the commercialization of 
technologies developed with the funding provided by 
the Nanomanufacturing Investment Partnership. 
(2) DISTRIBUTION.—Amounts received by the 
Nanomanufacturing Investment Partnership pursu-
ant to paragraph (1) shall be distributed as follows: 
(A) Except as provided in subparagraph 
(B), amounts shall be distributed to all inves-
tors in the Nanomanufacturing Investment 
Partnership, including the Federal Government, 
in proportion to their monetary contribution to 
the Nanomanufacturing Investment Partner-
ship. 
(B) After the total monetary investment of 
the Federal Government has been recovered 
under subparagraph (A), the Federal share of 
distributions under this paragraph shall be re-
duced to 7 percent of the proportional distribu-
tion under subparagraph (A), and the remain-
ing amounts shall be distributed proportionately 
to all non-Federal investors. 
(e) COST SHARING.—Each applicant for funding as-
sistance from the Nanomanufacturing Investment Part-
nership for a project shall be required to provide a portion 
of the cost of the project. 
(f) PEER REVIEW.—Each application for funding as-
sistance for a project from the Nanomanufacturing Invest-
ment Partnership shall be peer reviewed. 
(g) ADMINISTRATION.—The Secretary of Commerce, 
based on guidance from the Advisory Board established 
under section 3 and on the results of peer review under 
subsection (f), shall make awards of funding under this 
Act. 
(h) PROGRESS REPORTS.—The Nanomanufacturing 
Investment Partnership shall require periodic project 
progress reports from recipients of funding under this Act. 
SEC. 3. ADVISORY BOARD. 
(a) ESTABLISHMENT.—The Secretary of Commerce 
shall establish an Advisory Board to assist the Secretary 
in carrying out this Act, including by establishing require-
ments for progress reports under section 2(h). The Advi-
sory Board shall consist of—
(1) representatives of each investor providing 
more than $10,000,000 to the Nanomanufacturing 
Investment Partnership, whose votes shall— 
(A) be distributed proportional to the size 
of their investment in the Nanomanufacturing 
Investment Partnership; and 
(B) collectively amount to 40 percent of 
the votes on the Advisory Board; and 
(2) independent experts on nanomanufacturing 
and finance appointed by the President from among 
representatives of government, industry, and aca-
demia, whose votes shall collectively amount to 60 
percent of the votes on the Advisory Board. 
(b) TERMS.—Members of the Advisory Board ap-
pointed under subsection (a)(2) shall be appointed for 3 
year terms, except that the President shall make some ini-
tial appointments for terms of 1 year and some for terms 
of 2 years, in order to ensure continuity of membership 
on the Advisory Board. 
SEC. 4. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated to the Sec-
retary of Commerce for the Nanomanufacturing Invest-
ment Partnership $750,000,000, to remain available until 
expended. 
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