Senators release bipartisan ‘Industries of the Future’ legislation

Leaders of the Senate Commerce, Science, and Transportation Committee unveiled bipartisan legislation that would require the White House to sketch out a plan for increasing R&D investments in “Industries of the Future,” specifically artificial intelligence, quantum information science (QIS), biotechnology, next-generation telecommunications, advanced manufacturing, and synthetic biology. The plan would chart a path for increasing annual spending across research areas tied to these industries of the future to $10 billion by fiscal year 2025. The legislation was released the day before a hearing on the same topic.