WASHINGTON, D.C.–The best way to defeat China and their mission to beat America is through science, innovation and a rekindling of the American spirit, says Sen. Todd Young (R-Ind.). He’s asking Congress to pass the “Endless Frontier Act”, to encourage innovation and give the economy some help.
Young said the Act, which is a bipartisan effort from he and Democrat Sen. Chuck Schumer (N.Y.), would solidify the United States’ leadership in scientific and technological innovation and combat China through increased investments in emerging technologies.
The legislation would rename and transform the National Science Foundation into the National Science and Technology Foundation to lead these investments in the discovery, creation, and commercialization of technology fields of the future.
“Until now, we have primarily focused on defensive countermeasures to thwart aggression by the Chinese Communist Party: blocking Huawei, tightening export controls, and improving foreign investment rules. These are important and must remain in place. But if America is to lead the world in the 21st century, it is neither realistic nor practical to build an economic iron curtain around China,” said Young.
“We are not in a 20th Century cold war. But we can learn and apply lessons from the Cold War. Just as we did in the 20th Century, we must not simply contain a competitor but instead out-innovate and out-grow them.”
“To meet these new challenges, we must once again show the entire world the resiliency and dynamism of the American people, American economy, and the American project itself. And to do this, we must not simply advance again towards the Endless Frontier, but accelerate into it. The Endless Frontier Act, authored by Senator Schumer and I, will provide the rocket fuel for America’s innovators and visionaries. Let us resolve here today to pass it so that this generation of innovators and their children can propel us forward and win the 21st century,” said Young.
The Endless Frontier Act would provide a $100 billion strategic investment in the reformed and renamed National Science and Technology Foundation to bolster science and technology research and development. It would also deliver $10 billion to establish regional tech hubs across the country to launch innovative companies, revive American manufacturing, and create new jobs to jumpstart our local communities.
“In coming years, the bill would strengthen American power, increase American prosperity, and carry on America’s never-ending quest to continuously improve the world through innovation,” said Young.
The bill is named for a concept from Vannevar Bush, who was Pres. Roosevelt’s unofficial science advisor, and who initiated the Manhattan Project.