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May 26th, 2021 2 min read COMMENTARY BY Director, Asian Studies Center As Director of The Heritage Foundation’s Asian Studies Center, Walter Lohman oversees the think tank’s oldest research center. The bill had far too many references to industrial policy, which in some sense is its essence. Nitat Termmee / Getty Images Key Takeaways The bill spends well-over $100 billion on research and development that is not only better left to the private sector, but in fact is duplicative. Some of the amendments out there make the bill better. There are more pending, however, that make it worse. There is a lot of good in this bill. To preserve that and make it something worth supporting, lawmakers should start by not making it worse.

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