Congress finds the following:
(1)
According to the College Board, that the average student at a 4-year university spent an estimated $1,222 per year on college books and supplies.
(2)
According to the National Association of College Stores, the gross margin on new college textbooks was 25.6 percent in 2012.
(3)
The Government Accountability Office has found that college textbook prices have risen at twice the rate of annual inflation over the last two decades and that new textbook prices increased 82 percent over the last decade.
(4)
An open source material project that would make high quality educational materials freely available to the general public would reduce college textbook costs and increase accessibility to such education materials.
(5)
College-level open source course work materials in math, physics, and chemistry represent a high-priority first step in this area.
(6)
The scientific and technical workforce at Federal agencies, national laboratories, and federally funded research and development centers could make a valuable contribution to this effort.
(7)
A Federal oversight role in the creation and maintenance of standard, publicly vetted textbooks is desirable to ensure that intellectual property is respected and that public standards for quality, educational effectiveness, and scientific accuracy are maintained.