This bill, titled the "Expanding Partnerships for Innovation and Competitiveness Act," directs the Director of the National Institute of Standards and Technology (NIST) to establish the Foundation for Standards and Metrology . This new entity will operate as a nonprofit corporation, distinct from the Federal Government, with a core mission to support NIST's activities and advance measurement science, technical standards, and technology. Its overarching goal is to enhance the economic security and prosperity of the United States by fostering collaboration. The Foundation is authorized to undertake a variety of activities to achieve its mission. These include supporting international metrology and technical standards engagement, funding studies and research on metrology, and advancing collaboration between NIST and diverse stakeholders such as researchers, industry, academia, and philanthropic organizations. It will also support the expansion and improvement of NIST's research facilities, aid in the commercialization of federally funded research, and conduct education and outreach. A significant provision allows the Foundation to offer direct support to NIST associates through fellowships, grants, stipends, and professional development. The Foundation will be governed by a Board of Directors, comprising eleven appointed voting members and the NIST Director as a non-voting ex officio member. The Board is responsible for establishing bylaws, setting priorities, coordinating with NIST, and actively soliciting funds. To ensure financial integrity and transparency, the Foundation must develop a strategic plan within one year, including a path to financial self-sustainability and a description of its transparency efforts. It is also required to publish annual reports detailing its operations, financial condition, and donor information, and to undergo annual audits. The bill authorizes an annual transfer of funds from NIST appropriations, ranging from $500,000 to $1,250,000, to support the Foundation's activities. Furthermore, the Board must establish procedures for standards of conduct and financial disclosure, including strict conflict of interest rules to mitigate risks from malign foreign influence. The United States explicitly states it will not be liable for any debts or actions of the Foundation. The Comptroller General is mandated to evaluate the Foundation's effectiveness and operations within five years of its establishment.