International Science and Technology Act

International Science and Technology Act - Title I: Short Title, Declaration of Policy, and Definitions - States it to be the purpose of this Act to insure fuller international usage of earth-orbiting satellites and the data obtained from them for the benefit of all nations.

Title II: Federal Coordination Planning and Regulation - Establishes the semiautonomous International Science and Technology Transfer Institute. Describes the membership of its Advisory Council, to be chaired by the Director of the National Science Foundation.

Directs the Council to advise the Institute on standards and procedures concerning using the Institute's communication center and the communication center of any less developed country to provide support for and encourage the transfer of science, technology, culture, and other information from such less developed country to researchers and institutions in the United States.

Directs the Institute to monitor discoveries and research, including satellite application thereof.

Permits the transfer of Institute information to less developed countries if such countries abide by the qualifications set forth in this Act.

Permits technical and financial assistance for establishments in less developed countries to communication centers to receive information from the Institute's communication center.

Directs the Institute to transmit to less developed friendly countries which have a communication center for the purposes of this Act recommendations constituting a technology assessment for any project in that country which uses information transmitted from the Institute's communication center pursuant to this Act.

Authorizes participation in the program provided under this Act by Columbia, Indonesia, and the Arab countries.

Authorizes appropriations necessary to carry out this Act.