Innovation Act: Increased Investment in Scientific Research and Development
This act significantly increases funding for key U.S. research institutions like the National Science Foundation and the Department of Energy for many years. The goal is to accelerate scientific and technological discoveries, potentially leading to new products, services, and jobs, thereby improving citizens' quality of life and strengthening the economy.
Key points
Substantial increase in funding for scientific research and technology development in the U.S. over the next 10 years.
Funding will cover the National Science Foundation, Department of Energy, Department of Defense science and technology programs, National Institute of Standards and Technology, and NASA's Science Mission Directorate.
These funds are protected from automatic budget cuts, ensuring stable financing for long-term research projects.
Status:
Expired
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