Bipartisan bill seeks to counter China on emerging technology with $100 billion

Photo caption: Senate Minority Leader Charles Schumer, D-N.Y., with lawmakers from both parties, wants to remake U.S. research and development spending to counter China. (Tom Williams/CQ Roll Call). Article by Dean DeChiaro.

The money would fund university and private sector research in the technologies of tomorrow

Bipartisan lawmakers including Senate Minority Leader Charles E. Schumer on Wednesday announced sweeping legislation that would overhaul the government’s approach to emerging technology with the aim of countering a push by China for innovation dominance this century.

The bicameral legislation would rechristen the National Science Foundation as the National Science and Technology Foundation and authorize $100 billion for a new directorate within the agency to fund research and development in 10 areas of emerging technology the lawmakers believe “will define global competitiveness” in the coming decades. […]

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