America COMPETES Act

The America COMPETES Act, enacted in early 2022, aims to boost U.S. scientific research and technology to enhance economic competitiveness. It focuses on increasing investments in key areas like semiconductor manufacturing, renewable energy, and advanced research to counter global challenges, particularly from countries like China. The act emphasizes fostering innovation, supporting workforce development, and strengthening supply chains. By ensuring the U.S. remains a leader in technology and research, the COMPETES Act seeks to promote economic growth and national security while improving the country's ability to compete in the global market.