The American Innovation Act would provide increasing annual funding for basic science and research accounts at five agencies: the National Science Foundation, the Department of Energy, the Department of Defense, the Department of Commerce, and NASA. Funding amounts are set for fiscal years 2026 through 2035. From 2036 onward, each amount would rise with the Consumer Price Index when it increases. The money would remain available until spent. The bill would also exempt these appropriations from sequestration and leave their budget effects off specified PAYGO scorecards. It was introduced in the Senate and referred to committee.
If enacted, the bill would direct funding to research accounts at the named agencies. It does not create a direct payment or benefit for individuals. No publicly available information on specific effects for individuals.
The bill provides specified amounts for each agency from fiscal years 2026 through 2035. For fiscal year 2026, the amounts are $9.735 billion for the National Science Foundation, $8.854 billion for the Department of Energy Office of Science, $23.109 billion for Defense science and technology programs, $1.244 billion for research at the National Institute of Standards and Technology, and $7.88 billion for NASA's Science Mission Directorate. Later amounts increase through 2035, then are adjusted for increases in the Consumer Price Index. The funds would remain available until spent.
No publicly available information.
No publicly available information.