Mr. President, I rise today to introduce the National Competitiveness Investment Act of 2006. Unfamiliar as it might sound to some, I am joined by the Democratic Leader, Senator Reid, on this important legislation. This truly is a…
Mr. President, I rise today to introduce the National Competitiveness Investment Act of 2006. Unfamiliar as it might sound to some, I am joined by the Democratic Leader, Senator Reid, on this important legislation.
This truly is a bipartisan bill. It reflects the fact that when it comes to our country's economic future, there is wide bipartisan support for those policies that will keep the United States competitive in this ever changing, dynamic, global economy of the 21st century.
The bill we are introducing today is a product of many Senators who have come together . . . who put aside political affiliations . . . to craft a broad comprehensive bill. The legislation has evolved over the course of the 109th Congress.
Two years ago, under the leadership of Senators Domenici, Alexander, and Bingaman, the Senate Energy Committee asked the National Academies what were those policies that--if enacted--would enhance the science and technology enterprise so that the United States could successfully compete, prosper, and be secure in this new century.
Out of that request, the National Academies created a high level committee of experts headed by the respected former CEO of Lockheed, Norm Augustine.
Chairman Augustine put the problem in stark terms when he wrote last December: ``In the five decades since I began working in the aerospace industry, I have never seen American business and academic leaders as concerned about this nation's future prosperity as they are today.''
The U.S. today has the strongest scientific and technological enterprise in the world, including the best research universities. But there is growing evidence and recognition that our educational system is failing in those areas that have directly underpinned our strength-- science, engineering, and mathematics. We must invest for the future in those areas if we are to maintain our technological edge in the world.
The Augustine report entitled ``Rising Above the Gathering Storm'' did identify four broad areas for policy action. These were: 1. Increase the talent pool by improving K-12 science and math education. 2. Strengthen the Nation's traditional commitment to reseaerch. 3. Increase the talent pool by improving higher education focus on training math and science teachers. 4. Improve incentives, primarily through the tax code, for innovation.
The President's budget also recognizes the need to target Federal resources on those areas that will allow the country to continue to lead in innovation.
The President's ``American Competitiveness Initiative'' similarly focuses on increasing resources for basic research and science, and by filling gaps in our education competitiveness agenda with expanded ``Math Now'', Adjunct Teacher Corps, and Advanced Placement and International Baccalaureate programs.
Trying to put all this into one piece of legislation has been a challenge. Indeed, at least three different Senate Committees--Energy, Commerce, and HELP--all have jurisdiction over programs and policies in this area. This does not even address tax policies under the jurisdiction of the Finance Committee.
So in July I directed the three major Senate Committees with responsibility for authorizing legislation to combine their various proposals into one bill. The bill Senator Reid and I introduce today is the result of a lot of hard work over the summer and August recess month.
First I want to acknowledge the leadership of Senator Ensign, Chairman of the Commerce Subcommittee on Technology, Innovation, and Competitiveness in helping to produce this legislation.
Second, I thank the Chairmen and Ranking Members of Energy, Commerce, and the HELP Committees for their dedication to this project--Senators Domenici, Bingaman, Stevens, Inouye, Enzi, and Kennedy.
Finally, Senators Alexander, Lieberman, Hutchison, Nelson, and Mikulski have contributed their time and insights into this important legislation and I am sure there are others I have failed to mention.
While the legislation does not address all of the issues raised in the various studies--it is doubtful anyone piece of legislation could-- it nonetheless is a start, it is a good first step, and of course it is a bipartisan first step.
The legislation would, among other things: 1. Authorize a doubling of the funding for basic Federal research over the next 5 years at the National Science Foundation, and significantly expand funding for basic research at National Institute of Standards and Technology, the Department of Energy's Office of Science, and NASA. 2. Recruit and train needed new math and science teachers. 3. Create new Teachers Institutes to improve the teaching techniques for math and science. 4. Create a DOE--DARPA dedicated to the goal of increasing innovation and competitive breakthroughs in technology. 5. Expand scholarship programs to recruit and train math and science teachers at the K-12 level. 6. Increase the number of students taking Advanced Placement courses and entering International Baccalaureate programs, and 7. Increase funding for ``early career'' researchers.
Authorizations for these programs would total $73 billion over the next five years, less than $2.0 billion above the President's request.
When we consider that over the next five years our economy will exceed $76 trillion--a 1 percent investment for the future seems a small price to pay for our continued economic security and leadership in the world.
This legislation is the correct thing to do for the country's future economic security.
I ask unanimous consent that the text of the bill be printed in the Record.