SENATE DOCKET, NO. 1306        FILED ON: 1/16/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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PRESENTED BY:

John C. Velis

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act ensuring transparency in research funding.

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PETITION OF:

SENATE DOCKET, NO. 1306        FILED ON: 1/16/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Fourth General Court
(2025-2026)

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An Act ensuring transparency in research funding.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Section 42B of Chapter 63 of the General Laws is hereby amended by inserting after subsection (e) the following subsection:-

(f) A corporation under this section shall be required to:

(1) disclose the amount, type, and source of all current and pending research support received by, or expected to be received by, the corporation for all qualified exemption years;

(2) certify that the disclosure is current, accurate, and complete; and

(3) agree to update such disclosure at request at any time determined appropriate.