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The Innovation and Competition Act of 2021 allocates billions to scientific research and has strong bipartisan support. It could be could be a game changer for some U.S. cities.
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The Senate is poised to pass a major bill that would pour hundreds of billions of dollars into science and technology in a bid to out-compete China, and it s doing so with something rare these days: strong bipartisan support.
The Innovation and Competition Act of 2021 is part of a wave of recent China-related proposals in Congress.
Indiana Republican Senator Todd Young is one of the Act s key sponsors, as is Senate Majority Leader Chuck Schumer, D-N.Y., who has been leading the charge to get it passed. The U.S. Innovation and Competition Act will be one of the most significant pieces of bipartisan legislation we pass in a very long time, Schumer said in the Senate on Thursday. It could be a moment in history that future generations look back on as a turning point for American leadership in the . 21st Century.
Originally published on May 27, 2021 4:13 pm
The Senate is poised to pass a major bill that would pour hundreds of billions of dollars into science and technology in a bid to out-compete China, and it s doing so with something rare these days: strong bipartisan support.
The Innovation and Competition Act of 2021 is part of a wave of recent China-related proposals in Congress.
Republican Sen. Todd Young of Indiana is one of the act s key sponsors, as is Senate Majority Leader Chuck Schumer, D-N.Y., who has been leading the charge to get it passed. The U.S. Innovation and Competition Act will be one of the most significant pieces of bipartisan legislation we pass in a very long time, Schumer said in the Senate on Thursday. It could be a moment in history that future generations look back on as a turning point for American leadership in the . 21st century.