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42 U.S. Code § 16396

Prizes for achievement in grand challenges of science and technology

42 U.S. Code § 16396. Prizes for achievement in grand challenges of science and technology

(a) Authority
The Secretary may carry out a program to award cash prizes in recognition of breakthrough achievements in research, development, demonstration, and commercial application that have the potential for application to the performance of the mission of the Department.
(b) Competition requirements
The program under subsection (a) may include prizes for the achievement of goals articulated by the Secretary in a specific area through a widely advertised solicitation of submission of results for research, development, demonstration, or commercial application projects.
(c) Prizes for processes and technologies to reduce dependence on imported oil
The Secretary, in cooperation with the Freedom Prize Foundation, shall support a program of awarding prizes, to be known as Freedom Prizes, to encourage and recognize the development and deployment of processes and technologies that serve to reduce the dependence of the United States on imported oil.
(d) Relationship to other authority
The program under subsection (a) may be carried out in conjunction with or in addition to the exercise of any other authority of the Secretary to acquire, support, or stimulate research, development, demonstration, or commercial application projects.
(e) CoordinationIn carrying out subsection (a), and for any prize competitions under section 105 of the America Creating Opportunities to Meaningfully Promote Excellence in Technology, Education, and Science Reauthorization Act of 2010, the Secretary shall—
(1)
issue Department-wide guidance on the design, development, and implementation of prize competitions;
(2)
collect and disseminate best practices on the design and administration of prize competitions;
(3)
streamline contracting mechanisms for the implementation of prize competitions; and
(4)
provide training and prize competition design support, as necessary, to Department staff to develop prize competitions and challenges.
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