United States Innovation and Competition Act

The United States Innovation and Competition Act is legislation aimed at strengthening American capabilities in technology, research, and manufacturing to stay competitive globally, especially against China. It allocates funding for scientific research, developing advanced technologies like semiconductors, and fostering innovation ecosystems. The goal is to boost economic growth, enhance national security, and maintain leadership in critical industries by investing in education, innovation, and infrastructure. Overall, it seeks to ensure the U.S. remains a global leader in technological advancements and innovation for the future.