WASHINGTON – The Science Coalition (TSC) today released the following statement after the Senate voted to pass the U.S. Innovation and Competition Act, formerly known as the Endless Frontier Act:
“We are encouraged by Senate lawmakers’ commitment to funding innovative, lifechanging fundamental research spearheaded by the National Science Foundation (NSF), including Leader Schumer and Senator Young who have championed the U.S. Innovation and Competition Act,” said TSC President John Latini. “Between 2015 and 2019, spinoff companies created from university research supported by NSF and other federal research agencies contributed over $1.3 billion to the U.S. economy. This additional investment in NSF will drive further economic activity and pay dividends for our country decades down the line. The future of the American scientific enterprise demands proactive, bipartisan dedication to the next generation of discovery. We are pleased to see the Senate acknowledge the importance of robust investment in research to ensure the U.S. remains competitive and encourage the House to pursue an approach that also recognizes the critical role of research investment in economic growth.”
About the Science Coalition
Established in 1994, the Science Coalition is a nonprofit, nonpartisan organization of more than 50 of the nation’s leading public and private research universities. It is dedicated to sustaining the federal government’s investment in basic scientific research as a means to stimulate the economy, spur innovation, and drive America’s global competitiveness.