WASHINGTON (December 21, 2010) - ITIF President Robert D. Atkinson today welcomed the House's approval on a bipartian vote of 228-130 (after the Senate's last Friday) of the America COMPETES Reauthorization Act (HR 5116), a bill that will enhance the nation's innovation capabilities and competitiveness through strategic investments in research and education.
"It is welcome news that this critical legislation is finally on its way to the President's desk. In one of the final votes of the 111th Congress, lawmakers affirmed that innovation is not a partisan issue. They demonstrated their firm understanding that our economic future is only as bright as the decisions we make about science, technology and education today."
ITIF worked closely with key lawmakers from both the House and Senate over the past year, recommending a number of initiatives and policies that were ultimately included in the final legislation.
The final bill contains language recommended by Sen. Mark Warner, D-VA, and others directing the Administration to develop a national competitiveness and innovation strategy. Senator Warner's amendment would direct the Secretary of Commerce to study all aspects of U.S. competitiveness, from our manufacturing infrastructure to intellectual property enforcement to the role of state and local governments and regional economies. This would enable policymakers in Congress and the Administration to design and to adopt policies to enhance U.S. innovation and jobs in the coming decades.
COMPETES also includes a provision by Sens. Amy Klobuchar, D-MN, and George LaMieux, R-FL, to encourage and facilitate technology transfer and commercialization of innovations occurring in university laboratories. In addition, the bill adopts proposals suggested by ITIF tha