Section 1 Short title
This Act may be cited as the “Promoting American Competition in Aquaculture Research Act”.
Promoting American Competition in Aquaculture Research Act
A BILL
To amend the National Agricultural Research, Extension, and Teaching Policy Act of 1977 to eliminate the prohibition on indirect costs with respect to aquaculture assistance, and for other purposes.
Sec. 2 Reauthorizing aquaculture assistance programs; treatment of indirect costs
In general— Section 1477(a) of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3324(a)) is amended—
in paragraph (1), by striking “and” at the end;
in paragraph (2), by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(3) $15,000,000 for each of fiscal years 2025 through 2029.”
Indirect costs— Section 1477 of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3324) is amended by adding at the end the following:
“(c) Indirect costs—Effective beginning on the date of enactment of this subsection—
“(1) the limitation with respect to indirect costs under section 1462 shall apply with respect to awards made under this subtitle; and
“(2) the limitation with respect to indirect costs under section 1473 shall not apply with respect to those awards.”