HR 1990 - American Innovation and R&D Competitiveness Act of 2025

Overview

Bill Number: HR 1990

Title: American Innovation and R&D Competitiveness Act of 2025
Status: Introduced in House
Introduced: March 10, 2025

Purpose and Intent

The American Innovation and R&D Competitiveness Act of 2025 aims to bolster the United States' global leadership in scientific research, technological innovation, and economic competitiveness. The bill's primary goals are to:

1. Increase federal investment in research and development (R&D) across key industries and scientific fields.
2. Provide tax incentives and other financial support to encourage private-sector R&D and commercialization of new technologies.
3. Strengthen STEM education and workforce development programs to cultivate the next generation of innovators.
4. Streamline regulatory processes and remove barriers to accelerate the development and deployment of transformative technologies.

Key Provisions

• Raises the R&D tax credit from 20% to 25% to spur greater private-sector investment
• Establishes a new $50 billion "Innovation and Competitiveness Fund" to support high-risk, high-reward research initiatives
• Doubles funding for the National Science Foundation and other key federal R&D agencies over 5 years
• Creates a new "Technology Commercialization Program" to help bridge the gap between research and market-ready products
• Expands scholarships, fellowships, and training programs in STEM fields, with a focus on underrepresented groups
• Directs federal agencies to identify and eliminate unnecessary regulatory hurdles for emerging technologies

Affected Parties and Impacts

The bill would have far-reaching impacts on the U.S. innovation ecosystem, benefiting:

• Private companies and startups engaged in R&D and technology development
• Academic and nonprofit research institutions conducting scientific studies
• STEM students, workers, and educators seeking to advance their careers
• U.S. consumers and businesses who will gain access to transformative new technologies

By boosting public and private investment in R&D, the legislation aims to strengthen America's global competitiveness, create high-skilled jobs, and accelerate the development of solutions to pressing societal challenges.

Procedural and Timeline Considerations

The American Innovation and R&D Competitiveness Act of 2025 was introduced in the House of Representatives on March 10, 2025. It has been referred to the House Committee on Science, Space, and Technology for initial consideration. If passed by the House, the bill would then move to the Senate for further review and potential amendments before a final vote. Given