Federal tax and budget policy must renew investments in private sector research and development (R&D) to ignite innovation, create jobs, and increase our global competitiveness. The administration and Congress must also seek to reduce barriers to innovation and entrepreneurship and invest in our R&D capabilities, especially in emerging technologies.
TechNet supports swift implementation of the CHIPS and Science Act of 2022, which made historic investments in our R&D capabilities, including in artificial intelligence and machine learning in 5G and future generation telecommunications, high performance and quantum computing, robotics, automation, and advanced manufacturing, including for semiconductors, and more. Congress should fully support the Technology, Innovation, and Partnerships directorate at the National Science Foundation, which oversees essential research and commercialization of emerging and critical technologies to spur innovation.
