H.R. 4308 would create a sponsorship program to help fund NASA's Centennial Challenges prize program and expand public awareness of NASA activities and technology needs.

== Detailed Summary ==

<summary>
(LogNASA Innovation Fund and Sponsorship Act of 2007 - Establishes within the National Aeronautics and Space Administration (NASA) a NASA Innovation Fund into which amounts collected from charitable donations or in accordance with the Innovation Fund Sponsorship Program (created by this Act) shall be transferred.

Authorizes and sets limits on the use of amounts in the Fund for: (1) advertising prize competitions under NASA's Centennial Challenges prize program to editstimulate innovation in basic and applied research, technology development, and prototype demonstration that have the wikipotential for application to the performance of space and beaeronautical activities of NASA; and (2) expenses incurred in the administration of such competitions.

Establishes the firstNASA Innovation Fund Sponsorship Advisory Committee to provideadvise the Administrator of NASA on carrying out the Innovation Fund Sponsorship Program.

Permits any person, under the Innovation Fund Sponsorship Program, to develop and implement a detailed summarypromotional program that includes the use of a partnership logo in exchange for a monetary contribution to the bill!)Fund from such person. Requires the NASA Administrator to select and adopt the logo to be used in the promotional program of any sponsor, based upon the recommendations of the Advisory Committee.

Requires the NASA Administrator to transmit annual reports to Congress on all action taken by NASA under such Program.

Requires the Advisory Committee to annually consult with the directors of specified NASA Centers to solicit ideas for the improvement of such Program.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 12/6/2007:1/28/2008: Referred to House committee.subcommittee. Status: Referred to the House CommitteeSubcommittee on ScienceSpace and Technology.Aeronautics.
</status>

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== Points in Favor ==

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== Points Against ==

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