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H.R. 4720: America Innovates Act of 2012

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H.R. 4720: America Innovates Act of 2012

112th Congress · introduced 2012-04-25 · Science, Technology, Communications · Latest: Referred to the Subcommittee on Technology and Innovation.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2012-04-25 · official record
  2. Who proposed it: Rep. Holt, Rush [D-NJ-12] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Technology and Innovation. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

America Innovates Act of 2012

Plain summary

America Innovates Act of 2012 - Establishes in the executive branch an independent agency called the American Innovation Bank. Directs the Bank to award competitive grants and loans to institutions of higher education, nonprofit research institutions, individual investigators, and private companies to develop new science and engineering discoveries into new companies, products, or jobs. Amends the National Science Foundation Authorization Act of 2010 to require the Director of the National Science Foundation (NSF) to award competitive grants to: (1) Integrative Graduate Education and Research Traineeship program-funded institutions of higher education to support students who perform their graduate research in an industry setting, and (2) institutions of higher education to develop professional science masters programs. Prescribes certain training requirements for students who receive funding under an NSF graduate research fellowship, a National Institutes of Health (NIH) national research service award, or any federal program that provides funding to train graduate students for careers in scientific research and development.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

America Innovates Act of 2012

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Holt, Rush [D-NJ-12] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong112-hr4720 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112