Keep Innovation in America Act

12/15/2023, 3:55 PM
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Keep Innovation in America Act, also known as Bill 118 hr 1414, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote and protect innovation in the United States by preventing the outsourcing of research and development jobs to other countries.

The bill includes provisions that would require federal agencies to prioritize American companies when awarding research and development contracts. It also aims to increase funding for research and development programs within the United States, with a focus on emerging technologies such as artificial intelligence, biotechnology, and clean energy.

Additionally, the Keep Innovation in America Act seeks to strengthen intellectual property protections for American companies, making it easier for them to protect their innovations and prevent them from being stolen or copied by foreign competitors. Overall, this bill is designed to support and encourage innovation within the United States, with the ultimate goal of maintaining America's position as a global leader in technology and research.
Congress
118
Number
HR - 1414
Introduced on
2023-03-07
# Amendments
0
Sponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Keep Innovation in America Act, also known as Bill 118 hr 1414, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote and protect innovation in the United States by preventing the outsourcing of research and development jobs to other countries.

The bill includes provisions that would require federal agencies to prioritize American companies when awarding research and development contracts. It also aims to increase funding for research and development programs within the United States, with a focus on emerging technologies such as artificial intelligence, biotechnology, and clean energy.

Additionally, the Keep Innovation in America Act seeks to strengthen intellectual property protections for American companies, making it easier for them to protect their innovations and prevent them from being stolen or copied by foreign competitors. Overall, this bill is designed to support and encourage innovation within the United States, with the ultimate goal of maintaining America's position as a global leader in technology and research.
Policy Areas
Taxation

Comments

Recent Activity

Latest Action3/7/2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the c...