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S. 3191, Industries of the Future Act of 2020 (CBO Report for Congress)

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Congress 116th
Date Requested March 11, 2020
Requested By Senate Committee on Commerce, Science, and Transportation
Date Sent Nov. 12, 2020
Description:
S. 3191 would require the Office of Science and Technology Policy (OSTP) to report to the Congress on the federal government’s research and development, infrastructure, and workforce development in what the bill calls industries of the future. Those industries include artificial intelligence, quantum information science, biotechnology, next generation wireless networks, advanced manufacturing, and synthetic biology. In addition, the bill would establish an Industries of the Future Coordination Council within OSTP. The council would provide the OSTP with advice on all matters related to those industries and the federal government. The council would sunset in six years. Using information from OSTP, CBO expects that S. 3191 would codify and expand on OSTP’s current efforts. On that basis, CBO estimates that implementing the bill would cost less than $500,000 over the 2021-2025 period. Any spending would be subject to the availability of appropriated funds.

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