Bush Signs Law Giving More Than $30 Billion to Science and Tech Fields

HelloWorld · #1 (**permalink**) 08-10-2007, 05:24 PM

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Bush Signs Law Giving More Than $30 Billion to Science and Tech Fields
Digital Journal (08/09/07)
Technology companies welcomed the signing of the America Competes Act into law Thursday by President Bush. The new law sets aside $33.6 billion in government funding for research in science, technology, and engineering that industry observers believe will enable the country to maintain a competitive advantage in these fields. The money will also be used on education programs at universities and research institutes, and to train teachers in math, science, technology, and foreign languages. The law also creates the Advanced Research Projects Administration for Energy (ARPA-E) to focus on reducing greenhouse gas and other emissions, improving energy efficiency, and "translating scientific discoveries and cutting-edge inventions into technological innovations." While the tech industry has been waiting for the bill for some time, President Bush was not overly thrilled with the legislation. "The bill creates over 30 new programs that are mostly duplicative or counterproductive--including a new Department of Energy agency to fund late-stage technology development more appropriately left to the private sector--and also provides excessive authorization for existing programs," according to a statement from the White House after Bush signed the act.

Source: ACM TechNews
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I hope this will be a good news for everybody...