A bill to amend the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3701) relating to the relative competitiveness of industry in the United States.

Amends the Stevenson-Wydler Technology Innovation Act of 1980 to require the Secretary of Commerce to compile annual reports assessing the relative competitiveness of U.S. industry. Requires the reports to identify: (1) industries likely to be critical to U.S. economic security and global competitiveness (including industries involving advanced technology, high value-added, and high research and development costs); and (2) industries in other countries which are beneficiaries of government programs (such as tax policies, export promotions, antitrust exemptions, patent policies, technology assistance, or other forms of financial assistance). Requires the annual report to be submitted to the Congress and to include what other countries and the United States are doing to remain or become globally competitive.