Keep Innovation in America Act

Hozzl · 2023-12-15T15:55:21Z

Explore the details of House Bill 1414 Keep Innovation in America Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 3:55 PM

Summary of Bill HR 1414

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.

Current Status of Bill HR 1414

Bill HR 1414 is currently in the status of Bill Introduced since March 7, 2023. Bill HR 1414 was introduced during Congress 118 and was introduced to the House on March 7, 2023. Bill HR 1414's most recent activity was 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. as of March 7, 2023