By Gautham Nagesh - 08/01/11 04:44 PM EDT
In its report, the task force made a series of recommendations for the U.S. to promote the development and commercialization of nanotechnology.
Honda's bill includes several of those recommendations including creating a public-private partnership to invest in the commercialization of nanotechnology research; creating tax credits for nanotechnology investments and education; and authorizing grant program to support nanotechnology research and startup incubators.
The bill also addresses concerns raised about whether the government is doing enough to mitigate the potential health and safety risks linked to nanotechnology.
The legislation requires the development of a strategy that resolve the uncertainty about how the federal government may regulate nanotechnology in the future.