2:12 PM EDT

David Wu, D-OR 1st

Mr. WU. Madam Chair, I am pleased to be offering this amendment with Dr. Gingrey, the ranking member of the Technology and Innovation Subcommittee. This amendment was developed as a result of recommendations of the Director of the National Institute of Standards and Technology.

The amendment ensures that the Technology Innovation Program, TIP, will focus on high-reward technologies in areas of critical national need. In addition, it provides additional guidance that the program must coordinate with similar State organizations and programs. Many States have developed innovation agendas to stimulate job growth, and it makes sense that we should ensure that this program coordinates with these existing programs.

Finally, the amendment includes a definition of high-risk, high-reward research. Dr. Gingrey and I worked closely in developing this amendment, and I would urge its adoption.

Madam Chair, I reserve the balance of my time.

2:13 PM EDT

Vernon J. Ehlers, R-MI 3rd

Mr. EHLERS. Madam Chair, I yield myself such time as I might consume.

This is a good amendment and I support it. In response to concerns from the administration, as explained earlier, it clarifies that the Technology Innovation Program will only support projects that address critical national needs.

It also expands the definition of high-risk research to ensure that the TIP program will only support projects that are too novel or diverse to fare well in the traditional peer review or venture capital process.

I urge my colleagues to support the Wu-Gingrey amendment. And I also want to just comment, Mr. Gingrey certainly wished to be here. I am filling in his role only because he had to travel home for a funeral, and he may reappear yet before the end of this particular bill.

Madam Chair, I reserve the balance of my time.

2:14 PM EDT

David Wu, D-OR 1st

Mr. WU. Madam Chair, I regret that Dr. Gingrey is not able to be with us today because of a funeral at home, and I would like to just reiterate my appreciation for his hard work on this amendment and my support for this amendment.

[Time: 14:15]

Madam Chair, I yield back the balance of my time.