Page:United States Statutes at Large Volume 124.djvu/4018

 124 STAT. 3992 PUBLIC LAW 111–358—JAN. 4, 2011 ‘‘(i) notice of the increase is provided in the same manner as the initial notice of the prize; and ‘‘(ii) the funds needed to pay out the announced amount of the increase have been appropriated or com- mitted in writing by a private source. ‘‘(4) LIMITATION ON AMOUNT.— ‘‘(A) NOTICE TO CONGRESS.—No prize competition under this section may offer a prize in an amount greater than $50,000,000 unless 30 days have elapsed after written notice has been transmitted to the Committee on Com- merce, Science, and Transportation of the Senate and the Committee on Science and Technology of the House of Representatives. ‘‘(B) APPROVAL OF HEAD OF AGENCY.—No prize competi- tion under this section may result in the award of more than $1,000,000 in cash prizes without the approval of the head of an agency. ‘‘(n) GENERAL SERVICE ADMINISTRATION ASSISTANCE.—Not later than 180 days after the date of the enactment of the America COMPETES Reauthorization Act of 2010, the General Services Administration shall provide government wide services to share best practices and assist agencies in developing guidelines for issuing prize competitions. The General Services Administration shall develop a contract vehicle to provide agencies access to rel- evant products and services, including technical assistance in struc- turing and conducting prize competitions to take maximum benefit of the marketplace as they identify and pursue prize competitions to further the policy objectives of the Federal Government. ‘‘(o) COMPLIANCE WITH EXISTING LAW.— ‘‘(1) IN GENERAL.—The Federal Government shall not, by virtue of offering or providing a prize under this section, be responsible for compliance by registered participants in a prize competition with Federal law, including licensing, export con- trol, and nonproliferation laws, and related regulations. ‘‘(2) OTHER PRIZE AUTHORITY.—Nothing in this section affects the prize authority authorized by any other provision of law. ‘‘(p) ANNUAL REPORT.— ‘‘(1) IN GENERAL.—Not later than March 1 of each year, the Director shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Science and Technology of the House of Representatives a report on the activities carried out during the preceding fiscal year under the authority in subsection (b). ‘‘(2) INFORMATION INCLUDED.—The report for a fiscal year under this subsection shall include, for each prize competition under subsection (b), the following: ‘‘(A) PROPOSED GOALS.—A description of the proposed goals of each prize competition. ‘‘(B) PREFERABLE METHOD.—An analysis of why the utilization of the authority in subsection (b) was the pref- erable method of achieving the goals described in subpara- graph (A) as opposed to other authorities available to the agency, such as contracts, grants, and cooperative agree- ments. ‘‘(C) AMOUNT OF CASH PRIZES.—The total amount of cash prizes awarded for each prize competition, including Contracts. Deadline. Guidelines. Time period. Notice.