American Innovation Act: Science Research Funding (2025-2034)
This Act, cited as the 'American Innovation Act', authorizes and appropriates funds for key federal agencies, including the National Science Foundation (NSF), the Department of Energy's Office of Science, Department of Defense science and technology programs, NIST, and NASA, for fiscal years 2025 through 2034 and beyond. The Act exempts these appropriations from sequestration (automatic budget cuts) and sets specific funding amounts, which are to be adjusted by the Consumer Price Index (CPI) after fiscal year 2034.
Key points
Research Agency Funding: The Act appropriates specific amounts for fiscal years 2025–2034 for the NSF, Department of Energy (Office of Science), Department of Defense (S&T programs), NIST, and NASA.
Exemption from Sequestration: Appropriations made under this Act are exempt from automatic budget cuts under the Balanced Budget and Emergency Deficit Control Act.
Long-term Financial Framework: For fiscal year 2035 and thereafter, funding is set to continue at the previous year's level, increased by the percentage increase in the Consumer Price Index (CPI).
Status:
Expired
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