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United States Innovation and Competition Act

United States legislation / From Wikipedia, the free encyclopedia

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]

Quick facts: Long title, Number of co-sponsors, Legislativ...
U.S. Innovation and Competition Act
Long titleTo 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.
Number of co-sponsors13
Legislative history
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A modified version of the bill became law on August 9, 2022, as the CHIPS and Science Act.