Federally funded basic research conducted at American universities grew steadily from about $10 billion in 1991 to just under $50 billion in 2020 (in constant 2022 dollars). And since the passage of the Bayh-Dole Act in 1980, universities have played an increasing role in the patenting and commercialization of their discoveries. Patents to US universities increased from 440 in 1981 to 8706 in 2020. U.S. universities licensed or optioned more than 10,000 patented inventions to the private sector in 2020.

While the U.S. continues to lead the world in science, technology and innovation, other nations are on track to catch and surpass the lead the country currently holds, according to a new report from the Task Force on American Innovation (TFIA). In Second Place America? Increasing Challenges to U.S. Scientific Leadership, TFIA, a non-partisan alliance of leading American companies and business associations, research university associations, and scientific societies, benchmarks the U.S.

Tuesday’s elections resulted in a Democratic majority in the House, but the changes for the next Congress go far beyond this outcome. Flipping party control means new chairs for every committee in the House; many Senate Republicans in leadership positions are reaching their party’s term limits, yielding new committee seniority; and, retirements and incumbent losses yield further changes. For the bipartisan issues of science and innovation, this shake up will produce new opportunities and uncertainties.