Page:United States Statutes at Large Volume 124.djvu/4065

 124 STAT. 4039 PUBLIC LAW 111–358—JAN. 4, 2011 (iv) How best to strengthen the economic infra- structure and industrial base of the United States. (v) How to improve the international competitive- ness of the United States. (3) CONSULTATION.— (A) IN GENERAL.—The study required by paragraph (1) shall be conducted in consultation with the National Economic Council of the Office of Policy Development, such Federal agencies as the Secretary considers appropriate, and the Innovation Advisory Board established under subparagraph (B). The Secretary shall also establish a process for obtaining comments from the public. (B) INNOVATION ADVISORY BOARD.— (i) IN GENERAL.—The Secretary shall establish an Innovation Advisory Board for purposes of obtaining advice with respect to the conduct of the study required by paragraph (1). (ii) COMPOSITION.—The Advisory Board established under clause (i) shall be comprised of 15 members, appointed by the Secretary— (I) who shall represent all major industry sec- tors; (II) a majority of whom should be from private industry, including large and small firms, rep- resenting advanced technology sectors and more traditional sectors that use technology; and (III) who may include economic or innovation policy experts, State and local government officials active in technology-based economic development, and representatives from higher education. (iii) EXEMPTION FROM FACA.—The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply to the advisory board established under clause (i). (b) STRATEGY.— (1) IN GENERAL.—Not later than 1 year after the completion of the study required by subsection (a), the Secretary shall develop, based on the study required by subsection (a)(1), a national 10-year strategy to strengthen the innovative and competitive capacity of the Federal Government, State and local governments, United States institutions of higher edu- cation, and the private sector of the United States. (2) ELEMENTS.—The strategy required by paragraph (1) shall include the following: (A) Actions to be taken by individual Federal agencies and departments to improve competitiveness. (B) Proposed legislative actions for consideration by Congress. (C) Annual goals and milestones for the 10-year period of the strategy. (D) A plan for monitoring the progress of the Federal Government with respect to improving conditions for innovation and the competitiveness of the United States. (c) REPORT.— (1) IN GENERAL.—Upon the completion of the strategy required by subsection (b), the Secretary of Commerce shall submit to Congress and the President a report on the study Deadline. Establishment. Comment period.