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Congress Must Pass Innovation Legislation, Despite Hurdles

Congress Must Pass Innovation Legislation, Despite Hurdles

Senate leaders are expected to release updated text on a slimmed-down set of bills to bolster the US semiconductor chip industry. The measures will likely include $52 billion in subsidies and an investment tax credit to boost US manufacturing, but the rest of the Bipartisan Innovation Act (BIA) remains in limbo at a time when more urgent action is needed. Strengthening America’s leadership in science and innovation tomorrow will depend on three crucial areas of investments needed today in bolstering semiconductor manufacturing, boosting federal R&D, and addressing the talent gap.