At last week’s hearing of the Senate Commerce, Science and Transportation Committee there was considerable discussion about the impact of mandatory budget reductions (sequestration) on research supported by the federal government. Senators and witnesses also spoke of the important role federally-sponsored university research plays in the creation of new companies. A survey released earlier this week and an October 30 report provide insight on both matters.
Last week’s two-hour hearing of the Senate Committee on Commerce, Science and Transportation revealed much support for federal funding of basic research but few details about the committee’s plans to reauthorize the America COMPETES Act.
Discussions about the third reauthorization of the America COMPETES Act are underway on Capitol Hill. The original COMPETES Act was signed into law by President Bush in 2007 “to invest in innovation through research and development, and to improve the competitiveness of the United States.”
The White House announced that President Obama has signed the Helium Stewardship Act of 2013 into law. Enactment of this legislation will enable an orderly transition of the management of the Federal Helium Reserve.