Senators Amy Klobuchar (D-MN) and Scott Brown (R-MA) “today introduced bipartisan legislation that would help revitalize America’s innovative edge and ability to compete in the global economy,” according to a joint press release.
Specifics:
- Encourage greater commercialization of Research and Development by expanding the Basic Research Tax Credit to include all industry-funded university research
- Allow companies to take a flat 30-percent tax credit for donating equipment to high schools and technical and community colleges
- Fund 100 new Science, Technology, Engineering, and Mathematics (STEM)-focused high schools
- Incentivize colleges and universities to increase graduation rates for STEM students
- Expand undergraduate research opportunities
- Establish a Website for technology commercialization ideas
- Establish a manufacturing assistance program
- Remove regulatory barriers for top 20 exporting industries
- Enforce existing international exporting and importing laws
- Reduce unnecessary printing and publishing costs of government documents
- Eliminate bonuses for poor performance by government contractors
Congress in Your Pocket
