In reaction to President Biden’s FY24 budget request, the Science and Technology Action Committee (STAC), a non-partisan coalition of non-profit, academic, foundation and business leaders advocating for greater focus and funding of science and technology, issued this statement:
The release of President Biden’s FY24 budget request, though below the levels targeted by the CHIPS & Science Act, demonstrates his administration’s ongoing commitment to science and technology, and its awareness that advancing key investments in these areas will fuel new innovations, strengthen domestic supply chains and help build a robust talent pipeline of STEM workers.
Funding the crucial work undertaken by our nation’s premier science agencies, including the NSF and NIST, and increasing funding for the CHIPS & Science Act provisions will help power the U.S. economy, national security and global competitiveness for years to come. This funding will help ensure new research, development and technological advancements are created here at home.
We applaud President Biden for his continued critical role as a champion for science and technology. We look forward to helping advance the recommendations laid out in the budget request and working with Republicans and Democrats in Congress in the upcoming appropriations cycle.