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New Office to Analyze Global Tech Competition for US Economic and Security Leadership.

This Act establishes the Office of Global Competition Analysis to monitor technological advancements and innovation strategies of other nations, particularly strategic competitors. The Office's purpose is to provide data and analysis to federal agencies to ensure US leadership in critical technology sectors, aiming to safeguard national security and economic prosperity. Citizens benefit indirectly through policies designed to strengthen domestic supply chains and foster technological job growth.
Key points
Creation of the Office of Global Competition Analysis (OGCA) to focus solely on assessing US technological standing relative to global rivals.
The OGCA will analyze US supply chain resilience, manufacturing capacity, access to venture capital, and technical workforce compared to other countries.
The analysis aims to inform government decisions to maintain US dominance in science and technology sectors critical for national security and economic stability.
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Additional Information
Print number: 118_S_1873
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2023-06-08