United States Innovation and Competition Act
United States legislation / From Wikipedia, the free encyclopedia
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The United States Innovation and Competition Act of 2021 (USICA) (S. 1260), formerly known as the Endless Frontier Act, was United States legislation sponsored by Senators Chuck Schumer (D-NY) and Todd Young (R-IN) authorizing $110 billion for basic and advanced technology research over a five-year period. Investment in basic and advanced research, commercialization, and education and training programs in artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy, amounts to $100 billion. Over $10 billion was authorized for appropriation to designate ten regional technology hubs and create a supply chain crisis-response program.[1] The act is aimed at competing with China[2] and to respond to US fears of an AI Cold War.[3]
Long title | To establish a new Directorate for Technology and Innovation in the National Science Foundation, to establish a regional technology hub program, to require a strategy and report on economic security, science, research, innovation, manufacturing, and job creation, to establish a critical supply chain resiliency program, and for other purposes. |
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Number of co-sponsors | 13 |
Legislative history | |
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A modified version of the bill became law on August 9, 2022, as the CHIPS and Science Act.