A bill to require the submission to the Congress of research proposals prior to the expenditure of Federal funds.

Prohibits any department or agency of the Federal Government from entering into any contract for the performance of research, or making any grant for the performance of research, until after thirty days from the date upon which a prospectus concerning such research is submitted to the appropriate committee or committees of Congress.

Sets forth the requirements for such prospectus.

Stipulates that the provisions of this Act shall not apply where the sum of Federal funds involved is less than $25,000.