A bipartisan group of U.S. lawmakers on April 21 introduced legislation calling for $100 billion in government spending over five years on basic and advanced technology research and science in the face of rising competitive pressure from the Chinese regime. The measure, sponsored by Senate Democratic Leader Chuck Schumer, Republican Senator Todd Young and others, would also authorize another $10 billion to designate at least 10 regional technology hubs and create a supply chain crisis response program. The bill, called the “Endless Frontier Act,” represents a significant effort by the government to shore up private sector and university research efforts in advanced technologies with federal funding. “There is a bipartisan consensus that the United States must invest in the technologies of the future to out-compete China,” Schumer said, adding “whichever nation develops new technologies first – be they democratic or authoritarian – will set the terms for their use.” Republican …
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