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Congress

Bipartisan Bill Aims To Invest $100 Billion In Emerging Tech R&D To Stay Ahead Of China

By Matthew Beinart

Wednesday, April 21st, 2021

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Bipartisan Bill Aims To Invest $100 Billion In Emerging Tech R&D To Stay Ahead Of China

Senate Majority Leader Chuck Schumer (D-N.Y.)

A bipartisan group of lawmakers reintroduced a bill Wednesday aimed at bolstering U.S. research and development(R&D) efforts to stay ahead of China, to include establishing a new directorate to invest $100 billion over five years in emerging technology efforts. The Endless Frontier Act, led by Senate Majority Leader Chuck Schumer (D-N.Y.), Sen. Todd Young (R-Ind.) and Reps. Ro Khanna (D-Calif.) and Mike Gallagher (R-Wisc.), would also invest $2.4 billion to enhance U.S. manufacturing, authorize $10 billion at the Department of…

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