Bipartisan Bill Strengthens R&D, Boosts Manufacturing
Washington, DC – President Obama today signed into law the American Innovation and Competitiveness Act, a bicameral, bipartisan legislative compromise originally introduced by Senators Gary Peters (D-MI) and Cory Gardner (R-CO), along with John Thune (R-SD), and Bill Nelson (D-FL). The first major update to federal research and technology policy to originate in the Senate Commerce, Science, and Transportation Committee in more than a decade, this legislation maximizes basic research opportunities, reduces administrative burdens for researchers, encourages scientific entrepreneurship, and promotes oversight of taxpayer-funded research. The legislation also promotes diversity in STEM fields, incentivizes private-sector innovation, and aims to improve advanced manufacturing and the Manufacturing Extension Partnership (MEP), a public-private partnership to support small and medium-sized manufacturers.
“I’m pleased the President signed into law this important bipartisan bill that will ensure America maintains a competitive edge in the global economy,” said Senator Peters, Ranking Member of the Space, Science and Competitiveness Subcommittee. “Scientific research and innovation are the foundation of a strong economy, and the American Innovation and Competitiveness Act will help leverage federal investments in basic research, strengthen STEM education to train a skilled workforce and support small and medium sized manufacturers to keep our country internationally competitive. I was honored to work with Chairman Thune, Ranking Member Nelson and Senator Gardner to craft this vital legislation that will help our economy continue to grow.”
“I’m proud to see the President sign the American Innovation and Competitiveness Act into law today. A strong, bipartisan effort, this legislation is the result of nearly two years of work to gather input from the scientific community, universities, and interested stakeholders,” said Senator Gardner. “I thank Chairman Thune, Ranking Member Nelson, and Senator Peters for their leadership and hard work to not only make science bipartisan again, but ensure that America stays at the forefront of cutting-edge research and development.”
Highlights of the American Innovation and Competitiveness Act
Maximizing Basic Research
Administrative and Regulatory Burden Reduction
Science, Technology, Engineering, and Mathematics
Leveraging the Private Sector
Manufacturing
Innovation and Technology Transfer