Directs the President to establish a National Nanotechnology Coordination Office to provide necessary technical and administrative support to the Advisory Board and to coordinate Federal nanotechnology activities between Federal agencies, private sector industry, and academia.
Requires the Advisory Board to: (1) advise the President and the Council, and inform the Congress, on matters relating to the National Nanotechnology Program; (2) consult with academic industrial entities, State and local governments and agencies, and other appropriate entities conducting research on and using nanotechnology; (3) ensure that such Program considers fully the societal implications of nanoscale science and technology; and (4) transmit an annual report, which shall include a technology transition study, to the President, the head of each agency involved in the Program, and specified congressional committees.