View all text of Part B [§ 563 - § 563f]
§ 563f. Diversified security technology industry marketplace
(a) In general
(b) Contents
The strategy required under subsection (a) shall include the following:
(1) Information on how existing Administration solicitation, testing, evaluation, piloting, acquisition, and procurement processes impact the Administrator’s ability to acquire from the security technology industry marketplace, including small business innovators that have not previously provided technology to the Administration, innovative technologies or capabilities with the potential to enhance transportation security.
(2) Specific actions that the Administrator will take, including modifications to the processes described in paragraph (1), to foster diversification within the security technology industry marketplace.
(3) Projected timelines for implementing the actions described in paragraph (2).
(4) Plans for how the Administrator could, to the extent practicable, assist a small business innovator periodically during such processes, including when such an innovator lacks adequate resources to participate in such processes, to facilitate an advanced transportation security technology or capability being developed and acquired by the Administrator.
(5) An assessment of the feasibility of partnering with an organization described in section 501(c)(3) of title 26 and exempt from tax under section 501(a) of title 26 to provide venture capital to businesses, particularly small business innovators, for commercialization of innovative transportation security technologies that are expected to be ready for commercialization in the near term and within 36 months.
(c) Feasibility assessment
In conducting the feasibility assessment under subsection (b)(5), the Administrator shall consider the following:
(1) Establishing an organization described in section 501(c)(3) of title 26 and exempt from tax under section 501(a) of title 26 as a venture capital partnership between the private sector and the intelligence community to help businesses, particularly small business innovators, commercialize innovative security-related technologies.
(2) Enhanced engagement through the Science and Technology Directorate of the Department of Homeland Security.
(d) Rule of construction
(e) Definitions
In this section:
(1) Intelligence community
(2) Small business concern
(3) Small business innovator
(Pub. L. 107–296, title XVI, § 1617, as added Pub. L. 115–254, div. K, title I, § 1913(a), Oct. 5, 2018, 132 Stat. 3554.)