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STAC’s Statement on President Biden’s FY25 Budget Request

March 11, 2024

The Science and Technology Action Committee (STAC), a nonpartisan alliance of nonprofit, academic, foundation and business leaders advocating for greater focus and funding of science and technology, issued the following statement on President Biden’s FY25 budget request.

The challenges and opportunities facing the U.S. from artificial intelligence to national, economic, climate and energy security all require solutions rooted in science and technology.

President Biden’s FY25 budget request once again demonstrates the administration’s commitment to funding this critical area through its $10.2 billion request for the National Science Foundation (NSF) and its robust support for bolstering STEM education and workforce training.

However, the request comes in below the levels authorized in the bipartisan CHIPS and Science Act, highlighting there’s still more work to be done.

Investing in the scientific breakthroughs and technological innovations that will power the future is more vital now than ever before. Just last week, China announced a 10% increase for its own budget for science and technology as that country remains dedicated in its attempts to pass the U.S. in the global innovation race. We can’t let that happen.

The discoveries and advances in science and technology that the U.S. is so well known for simply can’t occur without consistent — and significant — federal funding. As the FY25 appropriations cycle kicks off, it’s crucial for Biden and Congress to work together to increase funding of the CHIPS & Science Act provisions that will help power our economy, national security and global competitiveness for years to come.

The Science & Technology Action Committee (STAC) is a group of 25 non-profit, academic, foundation, and corporate leaders working to dramatically strengthen U.S. science and technology. The Committee is co-chaired by: Bill Novelli, Professor Emeritus and founder of Business for Impact at Georgetown University and former CEO of AARP, Sudip Parikh, CEO, American Association for the Advancement of Science (AAAS) and Executive Publisher of the Science Family of Journals, Mary Woolley, President & CEO of Research!America, and Keith Yamamoto, Vice Chancellor for Science Policy and Strategy at UCSF and President of the American Association for the Advancement of Science (AAAS).