H.R. 2628: American Innovation Act

The bill known as the American Innovation Act aims to significantly increase funding for various scientific and technological research programs in the United States. Here’s a breakdown of its main provisions:

Funding Allocations

The bill authorizes substantial annual appropriations for several key institutions involved in scientific research:

• National Science Foundation (NSF):
  • Fiscal Year 2026: $9.735 billion
  • Fiscal Year 2027: $10.447 billion
  • Fiscal Year 2028: $11.205 billion
  • Fiscal Year 2029: $12.016 billion
  • Fiscal Year 2030: $12.886 billion
  • Fiscal Year 2031: $13.818 billion
  • Fiscal Year 2032: $14.818 billion
  • Fiscal Year 2033: $15.892 billion
  • Fiscal Year 2034: $17.043 billion
  • Fiscal Year 2035: $18.279 billion
• Department of Energy, Office of Science:
  • Fiscal Year 2026: $8.854 billion
  • Fiscal Year 2027: $9.501 billion
  • Fiscal Year 2028: $10.191 billion
  • Fiscal Year 2029: $10.929 billion
  • Fiscal Year 2030: $11.720 billion
  • Fiscal Year 2031: $12.568 billion
  • Fiscal Year 2032: $13.477 billion
  • Fiscal Year 2033: $14.453 billion
  • Fiscal Year 2034: $15.501 billion
  • Fiscal Year 2035: $16.624 billion
• Department of Defense Science and Technology Programs:
  • Fiscal Year 2026: $23.109 billion
  • Fiscal Year 2027: $24.799 billion
  • Fiscal Year 2028: $26.259 billion
  • Fiscal Year 2029: $28.525 billion
  • Fiscal Year 2030: $30.590 billion
  • Fiscal Year 2031: $32.803 billion
  • Fiscal Year 2032: $35.178 billion
  • Fiscal Year 2033: $37.725 billion
  • Fiscal Year 2034: $40.459 billion
  • Fiscal Year 2035: $43.392 billion
• National Institute of Standards and Technology (NIST):
  • Fiscal Year 2026: $1.244 billion
  • Fiscal Year 2027: $1.335 billion
  • Fiscal Year 2028: $1.431 billion
  • Fiscal Year 2029: $1.535 billion
  • Fiscal Year 2030: $1.646 billion
  • Fiscal Year 2031: $1.765 billion
  • Fiscal Year 2032: $1.893 billion
  • Fiscal Year 2033: $2.030 billion
  • Fiscal Year 2034: $2.177 billion
  • Fiscal Year 2035: $2.335 billion
• National Aeronautics and Space Administration (NASA), Science Mission Directorate:
  • Fiscal Year 2026: $7.880 billion
  • Fiscal Year 2027: $8.457 billion
  • Fiscal Year 2028: $9.070 billion
  • Fiscal Year 2029: $9.727 billion
  • Fiscal Year 2030: $10.431 billion
  • Fiscal Year 2031: $11.186 billion
  • Fiscal Year 2032: $11.995 billion
  • Fiscal Year 2033: $12.864 billion
  • Fiscal Year 2034: $13.796 billion
  • Fiscal Year 2035: $14.796 billion

Budgetary Considerations

The funds authorized by this act will remain available until they are fully spent, allowing for flexibility in research funding. Additionally, certain appropriations under this act are exempt from sequestration, meaning they cannot be cut due to budget constraints imposed by broader government spending rules.

Definitions

The bill includes specific definitions for the various programs and institutions it addresses, clarifying what constitutes the Department of Defense science and technology programs, the NSF, the Office of Science at the Department of Energy, and others.

Implementation Timeline

The funding increases are scheduled to take place over multiple fiscal years, beginning in 2026 and extending through 2036, indicating a long-term commitment to investing in scientific research and innovation.

Relevant Companies

• BA (Boeing Co): Increased funding for NASA and defense could impact contracts and research partnerships.
• RTN (Raytheon Technologies Corp): Potential for increased defense contracts due to the funding increase for the Department of Defense programs.
• NOC (Northrop Grumman Corp): Likely to see an increase in opportunities in defense technologies and research funding.