CREATE Act of 2023

Hozzl · 2024-03-12T17:10:50Z

Explore the details of Senate Bill 2002 CREATE Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Environmental Protection. Stay informed on legislative developments.

3/12/2024, 5:10 PM

Summary of Bill S 2002

The CREATE Act of 2023, also known as Bill 118 s 2002, is a piece of legislation introduced in the US Congress with the aim of promoting innovation and collaboration in the field of research and development. The bill seeks to encourage the sharing of resources, knowledge, and expertise among researchers, scientists, and inventors in order to accelerate the pace of technological advancement.

One of the key provisions of the CREATE Act is the establishment of a new grant program that will provide funding to support collaborative research projects between academic institutions, government agencies, and private sector companies. These grants will be awarded to projects that demonstrate a high level of innovation and potential for significant impact in their respective fields.

Additionally, the bill includes measures to streamline the patent application process for collaborative research projects, making it easier for researchers to protect their intellectual property and bring their innovations to market. The CREATE Act also includes provisions to promote the commercialization of research findings, with the goal of spurring economic growth and job creation. Overall, the CREATE Act of 2023 aims to foster a culture of collaboration and innovation in the US research and development community, with the ultimate goal of driving technological progress and improving the nation's global competitiveness.

Congressional Summary of S 2002

Carbon Removal, Efficient Agencies, Technology Expertise Act of 2023 or the CREATE Act of 2023

This bill establishes the Interagency Group on Large-Scale Carbon Management within the National Science and Technology Council to plan and oversee efforts to (1) remove carbon dioxide from the air, ocean, and land; and (2) store such carbon.

The interagency group must develop a strategic plan for federal research, development, and demonstration of technological carbon dioxide removal and storage.

In addition, the interagency group must establish working groups to carry out a Carbon Removal Initiative that pursues such research, development, and demonstration across several federal agencies.

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Current Status of Bill S 2002

Bill S 2002 is currently in the status of Bill Introduced since June 14, 2023. Bill S 2002 was introduced during Congress 118 and was introduced to the Senate on June 14, 2023. Bill S 2002's most recent activity was Read twice and referred to the Committee on Commerce, Science, and Transportation. as of June 14, 2023

Bipartisan Support of Bill S 2002

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2002

Primary Policy Focus

Environmental Protection

Alternate Title(s) of Bill S 2002

CREATE Act of 2023

Carbon Removal, Efficient Agencies, Technology Expertise Act of 2023

A bill to establish the Interagency Group on Large-Scale Carbon Management in the National Science and Technology Council and a Federal Carbon Removal Initiative, and for other purposes.