National Policy and Technology Foundation Act of 1985

National Policy and Technology Foundation Act of 1985 - Establishes, as an independent agency, the National Policy and Technology Foundation to: (1) anticipate national problems and opportunities (especially with regard to world trade and labor, the environment, education, technological innovation, government, and tax and monetary policy); (2) develop cooperative public-private efforts; and (3) propose to the Congress and the President national policies for the improvement of the economic, industrial, environmental, and societal well-being of the United States (including development of the requisite knowledge base and the long-range analysis of these areas).

Establishes in the Foundation, in order to facilitate its purposes: (1) a National Policy and Technology Board; (2) an Office of Director of the Foundation; (3) a National Information Office; (4) an Office of National Policy, Analysis, and Assessment; (5) an Office of National Programs; (6) an Office of the Professions; (7) an Office of Institutional and Human Resource Development; (8) an Office of Small Business; and (9) an Office of Intergovernmental Technology and Professions Delivery Systems.

Transfers to the Foundation: (1) the National Bureau of Standards; (2) the Patent and Trademark Office; (3) the National Technical Information Service; (4) the Office of Small Business Research and Development; (5) the Directorate for Engineering; (6) the Division of Industrial Science and Technological Innovation (exclusive of the nonengineering programs of the industry/university cooperative research projects program element) of the National Science Foundation; (7) the Intergovernmental Programs section of the National Science Foundation; (8) the Office of Industrial Technology; (9) the Center for the Utilization of Federal Technology; and (10) the Division of Policy Research and Analysis of the National Science Foundation.

Transfers to the Foundation all the functions and authorities of the National Science Foundation and the Secretary of Commerce under the Stevenson-Wydler Technology Innovation Act of 1980 (including the provision of assistance for the establishment of Centers for Industrial Design).

Requires the Foundation to: (1) create a National Design Council, to encourage excellence in technological design; and (2) establish, through the Office of Institutional and Human Resources Development, the Federal Technological and Professions Extension Service.

Requires the Foundation to submit various reports and information to the President and the Congress.

Authorizes appropriations for FY 1986.