Coverage over at the CRA Policy Blog Sunday night on the America COMPETES Act, set to be introduced in the US Senate today. COMPETES is an astonishingly bad acronym: Creating Opportunities to Meaningfully Promote Excellence in Technology, Education, and Science.
From a summary of the bill: “the America COMPETES Act focuses on three primary areas of importance to maintaining and improving United States’ innovation in the 21st Century: (1) increasing research investment, (2) strengthening educational opportunities in science, technology, engineering, and mathematics from elementary through graduate school, and (3) developing an innovation infrastructure.”
Among the provisions likely to have a direct impact on HPC:
– Double funding for NSF and Department of Energy Office of Science by FY2011
– Direct federal agencies that fund S&T research to set a goal of 8% of their R&D budgets to fund high-risk frontier research
– Authorize NIST at $937 million by FY2011 and requiring NIST to use a minimum of 8% of its funding for high-risk, high-reward research