Page:United States Statutes at Large Volume 121.djvu/596

 PUBLIC LAW 110–69—AUG. 9, 2007

121 STAT. 575

Science and Technology Summit to examine the health and direction of the United States’ science, technology, engineering, and mathematics enterprises. The Summit shall include representatives of industry, small business, labor, academia, State government, Federal research and development agencies, non-profit environmental and energy policy groups concerned with science and technology issues, and other nongovernmental organizations, including representatives of science, technology, and engineering organizations and associations that represent individuals identified in section 33 or 34 of the Science and Engineering Equal Opportunities Act (42 U.S.C. 1885a or 1885b). (b) REPORT.—Not later than 90 days after the date of the conclusion of the Summit, the President shall submit to Congress a report on the results of the Summit. The report shall identify key research and technology challenges and recommendations, including recommendations to increase the representation of individuals identified in section 33 or 34 of the Science and Engineering Equal Opportunities Act (42 U.S.C. 1885a or 1885b) in science, engineering, and technology enterprises, for areas of investment for Federal research and technology programs to be carried out during the 5-year period beginning on the date the report is issued. (c) ANNUAL EVALUATION.—Beginning with the President’s budget submission for the fiscal year following the conclusion of the National Science and Technology Summit and for each of the following 4 budget submissions, the Analytical Perspectives component of the budget document that describes the Research and Development budget priorities shall include a description of how those priorities relate to the conclusions and recommendations of the Summit contained in the report required under subsection (b). SEC. 1002. STUDY ON BARRIERS TO INNOVATION.

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(a) IN GENERAL.—Not later than 90 days after the date of the enactment of this Act, the Director of the Office of Science and Technology Policy shall enter into a contract with the National Academy of Sciences to conduct and complete a study to identify, and to review methods to mitigate, new forms of risk for businesses beyond conventional operational and financial risk that affect the ability to innovate, including studying and reviewing— (1) incentive and compensation structures that could effectively encourage long-term value creation and innovation; (2) methods of voluntary and supplemental disclosure by industry of intellectual capital, innovation performance, and indicators of future valuation; (3) means by which government could work with industry to enhance the legal and regulatory framework to encourage the disclosures described in paragraph (2); (4) practices that may be significant deterrents to United States businesses engaging in innovation risk-taking compared to foreign competitors; (5) costs faced by United States businesses engaging in innovation compared to foreign competitors, including the burden placed on businesses by high and rising health care costs;

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