Sec. 101. Federal research and development funding
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Congress finds the following: The predominant driver of gross domestic product growth over the past half century has been scientific and technological advancement. Investments in research and development have also delivered significant benefits for national security, health, energy security, education, and the personal well-being of all Americans. Virtually every new technological product is traceable to a research discovery, often one pursued with no application in mind. Nondefense Federal research and development accounts for only 1.7 percent of the Federal budget.
Federal basic research accounts for only 1 percent of the budget. There is a deficit between what America is investing and what it should be investing to remain competitive, not only in research but in technology transfer, innovation, and job creation, thereby causing America’s highly successful science and technology enterprise to atrophy. Many research and development initiatives, due to the long time periods required to achieve completion, have benefited from stable and predictable investments and from multiyear financial planning.
The Federal science agencies should receive sustained and steady growth in funding for research and development activities, including basic research, across a wide range of disciplines, including physical, geological, and life sciences, mathematics, engineering, and social, behavioral, and economic sciences.