text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``United States-Israel Homeland 
  Security Foundation Act''.
  
  SEC. 2. FINDINGS.
  
      Congress finds the following:
              (1) The development and implementation of technology is a 
          crucial component of combating terrorism and implementing 
          homeland security strategies.
              (2) Israel and Israeli industries have extensive experience 
          with matters pertaining to homeland security generally and 
          anti-terrorism specifically, including expertise in the fields 
          of border integrity, transportation security, first responder 
          equipment, and civil defense planning.
              (3) The United States and Israel have an extensive history 
          of working cooperatively and successfully to assist with the 
          development of agricultural, defense, telecommunications, and 
          other technologies mutually beneficial to each country, as 
          exemplified by the success of the Binational Industrial 
          Research and Development Foundation, commonly referred to as 
          the BIRD Foundation.
              (4) Initiated in 1977 as a grant program funded in equal 
          parts by the governments of the United States and Israel in 
          support of joint United States-Israeli business ventures, the 
          BIRD Foundation has invested $180 million in 600 projects over 
          the past 27 years and has realized $7 billion in sales and the 
          development of a number of important technologies.
              (5) The establishment of a similar bi-national foundation, 
          or the expansion of the BIRD Foundation, to support the 
          development of technologies and services applicable to homeland 
          security would be beneficial to the security of the United 
          States and Israel and would strengthen the economic ties 
          between the two countries.
  
  SEC. 3. UNITED STATES-ISRAEL HOMELAND SECURITY FOUNDATION.
  
      The Homeland Security Act of 2002 (Public Law 107-296) is amended 
  by inserting after section 307 (6 U.S.C. 187) the following new 
  section:
  
  ``SEC. 307A UNITED STATES-ISRAEL HOMELAND SECURITY FOUNDATION AND GRANT 
                PROGRAM.
  
      ``(a) Establishment and Purpose.--
              ``(1) Establishment authorized.--The Secretary may 
          establish a United States-Israel Homeland Security Foundation 
          (in this section referred to as the `Foundation'), for the 
          purpose of awarding conditional grants to joint business 
          ventures between United States and Israeli private corporate 
          entities to develop, manufacture, sell, or otherwise provide 
          products and services with applications related to homeland 
          security.
              ``(2) Administration.--The Secretary shall administer the 
          grant program through the Directorate of Science and 
          Technology.
      ``(b) Eligible Entities.--To be eligible to receive a grant under 
  this section, an applicant shall--
              ``(1) be a joint venture consisting of United States and 
          Israeli private corporate entities;
              ``(2) be in the process of developing a product or service 
          determined by the Secretary to have applications related to 
          homeland security; and
              ``(3) demonstrate to the satisfaction of the Secretary a 
          capability to develop, manufacture, sell, and support the 
          product or service.
      ``(c) Application.--An eligible entity may apply for a grant under 
  this section by submitting to the Secretary an application at such time 
  and in such manner as the Secretary may require and containing the 
  following information:
              ``(1) An identification of the entity that is applying for 
          the grant.
              ``(2) The activities that the entity anticipates will be 
          funded by the award of a grant.
              ``(3) The services or products the entity anticipates will 
          be made available, either commercially or otherwise, as a 
          result of an award of a grant.
              ``(4) A detailed capital budget for the proposed project, 
          including the manner in which the grant funds will be allocated 
          and expended.
              ``(5) Such other information as the Secretary may require.
      ``(d) Amount of Grant.--A grant under this section may not exceed 
  50 percent of the total proposed cost for the development, manufacture, 
  and provision of the product or service of the applicant described in 
  the application.
      ``(e) Grant Repayment.--A grant recipient shall repay the grant to 
  the Foundation as the Secretary may reasonably require. Grant 
  repayments may not exceed more than 150 percent of the grant awarded, 
  adjusted for inflation in accordance with the Consumer Price Index.
      ``(f) Advisory Board.--
              ``(1) Representatives.--Administration of the Foundation 
          shall include an advisory board comprised of public and private 
          sector representatives.
              ``(2) Membership of advisory board.--
                      ``(A) United states membership.--Membership to the 
                  advisory board shall include the Director of the 
                  Homeland Security Advanced Research Projects Agency and 
                  the Director of International Affairs of the Department 
                  of Homeland Security.
                      ``(B) Israeli membership.--The Secretary shall 
                  extend an invitation to the relevant Israeli government 
                  officials for their participation on the advisory 
                  board.
      ``(g) Foundation Funding.--Subject to subsection (i), if the 
  Secretary decides to establish the Foundation under subsection (a), the 
  Secretary shall use not less than $25,000,000 of the funds available in 
  the Acceleration Fund for Research and Development of Homeland Security 
  Technologies, established under section 307(c)(1), to administer the 
  Foundation.
      ``(h) Alternative Mechanism to Support Homeland Security Products 
  and Services.--Subject to subsection (i), if the Secretary decides not 
  to establish the Foundation under subsection (a), the Secretary shall 
  use not less than $25,000,000 of the funds available in the 
  Acceleration Fund for Research and Development of Homeland Security 
  Technologies, established under section 307(c)(1), to support the 
  efforts of the Binational Industrial Research and Development 
  Foundation to make grants to joint United States-Israeli business 
  ventures for projects related to homeland security.
      ``(i) Shared Endowment.--Any expenditure by the United States under 
  this section shall be equal to the expenditure by Israel for the same 
  purpose.''.
target: United States-Israel Homeland Security Foundation Act - Amends the Homeland Security Act of 2002 to authorize the Secretary of Homeland Security to establish a United States-Israel Homeland Security Foundation for awarding conditional grants to joint business ventures between U.S. and Israeli private corporate entities to develop, manufacture, sell, or otherwise provide products and services with applications related to homeland security. Limits grant amounts to 50 percent of proposed costs. Requires grant recipients to repay the Foundation up to 150 percent of the grant awarded. Directs the Foundation to include an advisory board. Provides Foundation funding through the Acceleration Fund for Research and Development of Homeland Security Technologies.
  
  Directs the Secretary, if not establishing the Foundation, to use a specified amount from such Fund to support the efforts of the Binational Industrial Research and Development Foundation to make grants to joint U.S.-Israeli business ventures for projects relating to homeland security.
feat_title: To establish the Unites States-Israel Homeland Security Foundation to make grants to joint business ventures between United States and Israeli private corporate entities to develop products and services with applications related to homeland security, and for other purposes.