U.S. Senate Commerce Committee Chairman Maria Cantwell and the committee’s top Republican, Roger Wicker, introduced a bill that includes a proposal to invest $110 billion over five years in basic and advanced technology research and to create a “White House chief manufacturing officer” position to address rising competitive pressure from China. The bill, titled “Endless Frontier,” is a response to rising competitive pressure from China. The bipartisan proposal, entitled “Endless Frontier,” would authorize most of the $95 billion over five years for basic and advanced technology research, commercialization, education and training programs in key technology areas, including artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy. The draft bill has been revised and will be submitted for debate next Wednesday.
The U.S. Senate has proposed creating a “White House chief manufacturing officer” position to counter competitive pressure from China. According to a 131-page draft of legislation seen by the news agency on Friday, U.S. Senate committee leaders proposed, after reaching a compromise, to invest $110 billion over five years in basic and advanced technology research and to create a White House “chief manufacturing officer” position to deal with rising competitive pressure from China, Reuters said. competitive pressure from China.
The draft bill, proposed by Senate Commerce Committee Chairman Maria Cantwell and the committee’s top Republican, Roger Wicker, has been revised and will be debated next Wednesday.
The bipartisan proposal, titled “Endless Frontier,” also includes measures to allocate another $10 billion to establish at least 10 regional technology centers and create a supply chain crisis response plan to address issues such as the semiconductor chip gap that is spilling over into auto production. The revised version would also create a new Senate-confirmed chief manufacturing officer who would serve in the executive office of the president and would lead a new Office of Manufacturing and Industrial Innovation Policy (OMIIP).
The bill would also direct the Department of Commerce to establish a “supply chain resilience and crisis response program,” including “the ability of supply chains to withstand and recover from shocks such as pandemics and biological threats, cyber attacks, extreme weather, terrorist and geopolitical attacks, and major power conflicts. “.
The bill also seeks to promote basic research and accelerate innovation to advance critical mineral extraction strategies and technologies to eliminate “the nation’s dependence on minerals and mineral materials that are vulnerable to supply disruptions,” Reuters reported. The draft bill would also prevent Chinese companies from participating in the “Make America” program without a waiver. The government and business-led program is designed to enhance industrial competitiveness, reduce energy use and strengthen U.S. national security.
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