U.S. Senate committee revised a draft bill to fund AI, quantum, biotech

(Reuters) -U.S. Senate committee leaders have drafted a compromise $110 billion measure for traditional and evolved technology be taught and science over 5 years and the advent of a White Apartment chief manufacturing officer within the face of rising competitive stress from China, based fully fully on a duplicate of the 131-page draft legislation considered on Friday by Reuters.

The revised draft bill by Senate Commerce Committee Chair Maria Cantwell and the committee’s top Republican Roger Wicker is location to be debated by the committee on Wednesday.

The bipartisan “Never-ending Frontier” bill would authorize many of the money, $95 billion, over 5 years to put money into standard and evolved be taught, commercialization, and training and practicing packages in key technology areas, collectively with artificial intelligence, semiconductors, quantum computing, evolved communications, biotechnology and evolved energy.

The measure, sponsored by Senate Majority Leader Chuck Schumer, a Democrat, Republican Senator Todd Young and others, would also authorize one more $10 billion to designate no longer lower than 10 regional technology hubs and plot a present chain crisis-response program to cope with factors relish the shortfall in semiconductor chips harming auto production.

The revised model also would plot a unique Senate-confirmed chief manufacturing officer who would help within the government place of work of the president and would head a unique Salvage of labor of Manufacturing and Industrial Innovation Policy.

It would also instruct the Commerce Division to set apart “a present chain resiliency and crisis response program,” collectively with “the power of present chains to resist and enhance within the face of shocks, collectively with pandemic and biological threats, cyberattacks, impolite climate occasions, terrorist and geopolitical attacks, colossal energy war, and other threats.”

The bill also seeks to enhance standard be taught to tempo up innovation to plot serious minerals mining methods and applied sciences to assign away with “national reliance on minerals and mineral materials that are arena to manufacture disruptions.”

The draft bill would also block Chinese language companies from taking share within the Manufacturing USA program with out a waiver. The program is a executive and firm-led effort to amass industrial competitiveness, slice energy use, and enhance U.S. national security.