Statement on Signing the
Steel and Aluminum Energy Conservation and Technology Competitiveness Act of
1988
I
have today approved S. 2470, the ``Steel and Aluminum Energy Conservation and
Technology Competitiveness Act of 1988.'' The Act provides a legislative
framework for implementing the Department of Energy's Steel Initiative
Management Plan. This Act also provides for the establishment of public-private
sector partnerships to undertake scientific research and development of
technology of significance to industry, utilizing the expertise of industry
scientists and scientists from Federal laboratories, universities, and other
organizations.
I
have approved S. 2470 with the understanding that section 5(b) of S. 2470,
regarding ownership of inventions resulting from these partnerships, will be
interpreted in a manner consistent with the Bayh-Dole
Act (Pub. L. 96 - 17, 94 Stat. 3019) and Executive Order No.
12591.
Finally,
it should be understood that Federal funding of the Steel Initiative Program
will be undertaken within budget constraints and that the program will be
implemented to maximize non-Federal cost-sharing and to focus Federal funds on
projects that could not be undertaken by industry without additional Federal
support.
Ronald
Reagan
The
White House,
Note: S. 2470, approved
November 17, was assigned Public Law No. 100 - 680.