To abolish the Advanced Technology Program.

This bill, introduced in 2001, sought to eliminate the Advanced Technology Program (ATP), a federal initiative managed by the National Institute of Standards and Technology. The program provided government grants to private companies to help fund the research and development of high-risk, innovative technologies that had the potential for broad economic benefits. If enacted, the bill would have ended this direct federal financial support for private-sector tech projects, shifting the responsibility for funding such research entirely to private investors and corporations.