On June 25, Senators Bill Frist (R-TN) and Jay Rockefeller (D-WV) introduced a new bill, the Federal Research Investment Act (S. 2217). The purpose of the bill is to provide for the continuation of federal research investment in a fiscally sustainable way.
The Act is intended to encourage as an overall goal, the doubling of the annual authorized amount of federal funding for basic scientific, medical, and pre-competitive engineering research over the next twelve years. The bill also sets a minimum level of investment in order to maintain the high priority that science, engineering, and technology had previously been afforded in the federal budget.