(C)
Administration of Fund
The Secretary, acting through the NTIA Administrator, in consultation with the Commission, the Under Secretary of Commerce for Standards and Technology, the Secretary of Homeland Security, the Secretary of Defense, and the Director of the Intelligence Advanced Research Projects Activity of the Office of the Director of National Intelligence, shall establish criteria for grants awarded under this paragraph, by the NTIA Administrator and administer the Innovation Fund, to support the following:
(i)
Promoting and deploying technology, including software, hardware, and microprocessing technology, that will enhance competitiveness in the fifth-generation (commonly known as “5G”) and successor wireless technology supply chains that use open and interoperable interface radio access networks.
(ii)
Accelerating commercial deployments of open interface standards-based compatible, interoperable equipment, such as equipment developed pursuant to the standards set forth by organizations such as the O-RAN Alliance, the Telecom Infra Project, 3GPP, the Open-RAN Software Community, or any successor organizations.
(iii)
Promoting and deploying compatibility of new 5G equipment with future open standards-based, interoperable equipment.
(iv)
Managing integration of multi-vendor network environments.
(v)
Identifying objective criteria to define equipment as compliant with open standards for multi-vendor network equipment interoperability.
(vi)
Promoting and deploying security features enhancing the integrity and availability of equipment in multi-vendor networks.
(vii)
Promoting and deploying network function virtualization to facilitate multi-vendor interoperability and a more diverse vendor market.
(F)
Federal advisory body
(ii)
Composition
The advisory committee established under clause (i) shall be composed of—
(I)
representatives from—
(aa)
the Commission;
(bb)
the Department of Defense;
(cc)
the Intelligence Advanced Research Projects Activity of the Office of the Director of National Intelligence;
(dd)
the National Institute of Standards and Technology;
(ee)
the Department of State;
(ff)
the National Science Foundation;
(gg)
the Department of Homeland Security; and
(hh)
the National Telecommunications and Information Administration; and
(II)
other representatives from the private and public sectors, at the discretion of the NTIA Administrator.
(iii)
Duties
The advisory committee established under clause (i) shall advise the Secretary and the NTIA Administrator on technology developments to help inform—
(I)
the strategic direction of the Innovation Fund; and
(II)
efforts of the Federal Government to promote a more secure, diverse, sustainable, and competitive supply chain.
(G)
Reports to Congress
(i)
Initial report
Not later than 180 days after January 1, 2021, the Secretary, acting through the NTIA Administrator, shall submit to the relevant committees of Congress a report with—
(I)
additional recommendations on promoting the competitiveness and sustainability of trusted suppliers in the wireless supply chain; and
(II)
any additional authorities needed to facilitate the timely adoption of open standards-based equipment, including authority to provide loans, loan guarantees, and other forms of credit extension that would maximize the use of funds.
(ii)
Annual report
For each fiscal year for which amounts in the Innovation Fund are available under this paragraph, the Secretary, acting through the NTIA Administrator, shall submit to Congress a report that—
(I)
describes how, and to whom (including whether recipients are majority owned and controlled by minority individuals and majority owned and controlled by women), amounts in the Innovation Fund have been deployed;
(II)
details the progress of the Secretary and the NTIA Administrator in meeting the objectives described in subparagraph (C); and
(III)
includes any additional information that the Secretary and the NTIA Administrator determine appropriate.