The American Transformational Innovation Trust Act - "At It" Act
Humankind changed forever when…
astronauts from Earth first stepped foot on the Moon. The innovations that came from that exploration era were and are Wall Street legendary even though no person has returned to the surface of the Moon since Gene Cernan’s last steps in December 1972 as commander of the famed Apollo 17 mission.
The “At It” initiative is a public-private-philanthropic partnership whose objective is too help finance, research and return humankind to the Moon and then go on to Mars and beyond from there someday. Government funded the first lunar and Martian exploratory missions, but government cannot fund the next steps alone.
The private sector, despite mesmerizing successes recently, will not be able to fund the future alone either. But together, with dedicated collaboration between the public and private sectors, through a unique public-private-philanthropic partnership funded by an innovative trust, we can make the 21st century our greatest extraterrestrial adventure yet.
And the innovation that the "At It" Act could fund will generate research and innovation that can and would be commercialized for the benefit of citizens here on Earth: electric transportation, cleaner natural resources, pioneering agricultural and mining products, personalized healthcare through genetics and regenerative medicine, and so much more.
The american transformational innovation trust concept is also profiled in our political magazine, thomas, found at: www.thomasmedia.org/american-transformational-innovation-trust
The Caius House team is working to establish through a bipartisan Act of Congress, the "At It" Act in an effort to bring together and help fund those partners in America's next greatest collaboration - a return to the moon and the establishment of a permanent settlement on Mars.
The "At It" Act proposes several features worth noting here:
The Act would authorize and encourage private investors to purchase stock in the "At It" Trust for the purposes of directly funding public-private-philanthropic partnerships that are measurably transformational and are motivated primarily for public benefit, not just pure profit;
Principal and interest income from investment in the "At It" Trust would be tax-deferred federally to current generation Americans and succeeding heirs provided that the investment is not sold or terminated by those parties;
If sold or terminated by those parties, the tax rate on profits generated from the "At It" investment would be 20% of assessed value at the time of the sell or termination;
Applicable state and local taxes would be subject to state and local discretion, but participating state and local partners would be encouraged to follow the federal lead on taxation of related profit;
Profits earned by private companies which commercialize related research and development would be fully taxed at the then-applicable corporate/business tax rates;
Professional management of the "At It" trust would be performed by congressionally-mandated and/or authorized firms with at least $100 billion in assets under agency or management;
Fund compliance with applicable federal laws would be the primary jurisdiction of the U.S. Senate and House commerce and finance committees;
A professional management staff of the "At It" trust will be established to oversee the programs invested by the fund and will be administratively funded with not more than three percent (3%) of interest generated annually by the investment fund; and,
A management board of the "At It" trust would be appointed as follows:
Two board co-chairs shall be designated one each by the U.S. Senate and U.S. House;
Three board members shall be elected from nominations submitted by governors of states participating in the "At It" trust whose citizens are excluded from taxation consistent with and equal to the federal provisions;
Three board members shall be elected from industry for participation on the "At It" Trust; and,
Three board members shall be elected from academia for participation on the "At It" Trust.
In the event of a tie-vote on matters pending before the management board of the "At It" trust, the measure fails.
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