APR 21, 2021 | US
Momentum Grows in Congress for Legislation Confronting China
Bloomberg, April 21, 2021
By Daniel Flatley
The panel’s action came shortly after Majority Leader Chuck Schumer and Republican Senator Todd Young formally introduced their Endless Frontier Act that, among other things, would authorize $100 billion over five years to strengthen research and development in technology, computing, artificial intelligence, manufacturing and other areas.
Industry groups applauded the introduction of the legislation.
“At a time when global competitors are seeking advantages through increased investments in R&D, it’s a critical time for the US to update its strategy to ensure it retains its lead,” said Craig Albright, the vice president for legislative strategy at BSA | The Software Alliance, which includes Microsoft Corp., Intel Corp. and IBM Corp. “The Endless Frontier Act takes a forward-looking approach to help ensure the US remains the global hub for innovation.
BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that help businesses of all sizes in every part of the economy to modernize and grow.
With headquarters in Washington, DC, and operations in more than 30 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.