Bipartisan Senate bill aims to invest $100 billion in technology R&D

“The coronavirus pandemic has actually revealed the science and technology gap in between the United States and the rest of the world is closing fast and that threatens our long-term health, economic competitiveness, and nationwide security,” Senator Schumer said in a statement. “America can not afford to continue our decades-long underinvestment and expect to lead the world in innovative scientific and technological research.”
Under the expense, the National Science Foundation (NSF) would be relabelled the National Science and Technology Foundation (NSTF) and a new deputy director would manage the financing. The financial investment may be used to increase research spending at universities, produce new scholarships, fellowships and training programs, develop fabrication centers, coordinate with state and local financial advancement stakeholders and more.
Years ago, the Obama administration promoted increased spending for AI research. While President Trump signed an executive order “focusing on” AI and the White House launched AI.gov, there hasnt been a significant financial investment like the one proposed by this expense. This isnt ensured to pass in a Republican-led Senate, but it could be a significant assistance to R&D if it does..
As proponents of comparable procedures have actually stated in the past, the Endless Frontiers Act could also create much-needed jobs.
” Particularly at a minute when many folks need stable employment, Congress needs to do everything in our power to develop sustainable industries throughout our nation that will be here to remain, or else danger losing our competitive edge to China,” Rep. Khanna stated.