International Science and Technology Cooperation Act of 2012 - Requires the Director of the Office of Science and Technology Policy (OSTP) to establish a body under the National Science and Technology Council that has the responsibility of identifying and coordinating international science and technology cooperation that can strengthen U.S. science and technology enterprise, improve economic and national security, and support U.S. foreign policy goals.
Requires the body to be co-chaired by senior level officials from OSTP and the Department of State.
Requires the body to: (1) plan and coordinate interagency international science and technology cooperative research and training activities and partnerships supported or managed by federal agencies, (2) establish federal priorities and policies for aligning such international science and technology cooperative research and training activities and partnerships with the foreign policy goals of the United States, (3) identify opportunities for new international science and technology cooperative research and training partnerships that advance science and technology and U.S. foreign policy priorities, (4) solicit recommendations from non-federal science and technology stakeholders, and (5) identify broad issues that influence the ability of U.S. scientists and engineers to collaborate with foreign counterparts.