WASHINGTON (Reuters) -The U.S. Senate Commerce Committee will hold a hearing on April 14 on a bipartisan measure to bolster U.S. know-how analysis and growth efforts in a bid to tackle Chinese competitors.
The bill, titled the “Endless Frontier Act,” was first proposed in 2020 calling for $110 billion over 5 years to advance U.S. know-how efforts and cosponsored by Senate Democratic Leader Chuck Schumer and Republican Senator Todd Young.
Senate Commerce committee chair Maria Cantwell stated in a press release the hearing “will address potential actions to strengthen the U.S. innovation ecosystem, including increasing National Science Foundation research funding; growing and diversifying the science, technology, engineering, and mathematics (STEM) pipeline; improving technology transfer; and investing in regional innovation centers.”
Reuters reported the deliberate hearing early on Wednesday.
Schumer stated final month a number of committees may have hearings and mark-ups on bipartisan laws “designed to bolster American competitiveness and counter the growing economic threats we face across the globe, especially from the Chinese Communist Party.”
Schumer additionally desires to transfer laws on boosting U.S. semiconductor manufacturing. Both proposals may whole $200 billion, congressional aides stated.
The hearing will embrace Kelvin Droegemeier, who headed the White House Office of Science and Technology Policy underneath President Donald Trump, University of Notre Dame Provost Marie Lynn Miranda and others together with educators from Mississippi State University and the MIT Office of Open Learning.
The committee may hold a separate hearing later in April to debate legislative language, sources stated.
The Senate Foreign Relations Committee is also working on laws addressing worldwide strategic competitors with Beijing. Aides stated on Wednesday the panel hoped to full a draft of the measure this week so as to vote on it within the committee as quickly as subsequent week.
Reporting by David Shepardson; Additional reporting by Patricia Zengerle; Editing by Leslie Adler and Christopher Cushing