The US Senate on Tuesday, June 8, approved the United States Innovation and Competition Act of 2021, comprehensive technology policy and funding legislation aimed at combating the growing influence of China in critical technologies like artificial intelligence (AI) and quantum science while ensuring American leadership in setting international technological standards.
The Act rebrands and incorporates legislation known as the Endless Frontier Act, a bipartisan bill originally introduced last year, and combines it with funding to incentivize semiconductor chips production, along with aggressive diplomatic, national security and trade measures targeting China’s rising economic, military and technological power.
Learn more about the key provisions of the Act in our most recent issue of AI Outlook, a DLA Piper publication that reports on artificial intelligence bills and trends and what they mean for businesses.