American COMPETE Act
The source supplies the latest action, but no lifecycle stage.
Latest action (30 Sep 2020): Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
What this bill does
The American COMPETE Act, H.R. 8132, would direct the Department of Commerce and the Federal Trade Commission to conduct studies on various emerging technology industries. These studies would examine the current state of technologies such as artificial intelligence, quantum computing, blockchain technology, and unmanned delivery services, as well as their impact on the U.S. economy. The agencies would survey these industries, identify relevant government agencies and their roles, and assess marketplace and supply chain risks, including those posed by foreign entities.
The findings from these studies would be compiled into reports submitted to Congress and made publicly available. The reports would also include recommendations aimed at growing the U.S. economy, developing national strategies for technology adoption, mitigating risks, and potentially advancing legislation to expedite the use of these technologies. This bill affects businesses operating within or utilizing these specified technology sectors and potentially consumers and small businesses seeking to evaluate these technologies.
Having passed the House of Representatives by voice vote, H.R. 8132 now moves to the Senate for further consideration. If the Senate approves the bill, it would then proceed to the President for potential enactment into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
American Competitiveness Of a More Productive Emerging Tech Economy Act or the American COMPETE Act
This bill requires the Department of Commerce and the Federal Trade Commission to study and submit reports on the state of specified technology industries (e.g., artificial intelligence, quantum computing, blockchain technology, and unmanned delivery services) and the impact of these industries on the U.S. economy.
Timeline
30 Sep 2020
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
Common questions
- What does H.R. 8132 do?
- The American COMPETE Act, H.R. 8132, would direct the Department of Commerce and the Federal Trade Commission to conduct studies on various emerging technology industries. These studies would examine the current state of technologies such as artificial intelligence, quantum computing, blockchain technology, and unmanned delivery services, as well as their impact on the U.S. economy. The agencies would survey these industries, identify relevant government agencies and their roles, and assess marketplace and supply chain risks, including those posed by foreign entities. The findings from these studies would be compiled into reports submitted to Congress and made publicly available. The reports would also include recommendations aimed at growing the U.S. economy, developing national strategies for technology adoption, mitigating risks, and potentially advancing legislation to expedite the use of these technologies. This bill affects businesses operating within or utilizing these specified technology sectors and potentially consumers and small businesses seeking to evaluate these technologies. Having passed the House of Representatives by voice vote, H.R. 8132 now moves to the Senate for further consideration. If the Senate approves the bill, it would then proceed to the President for potential enactment into law.
- Has H.R. 8132 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 8132. Check the latest action and official source below.
- Who sponsored H.R. 8132?
- H.R. 8132 was sponsored by Rep. McMorris Rodgers, Cathy [R-WA-5] (R-WA), with 13 cosponsors.
- What's the latest action on H.R. 8132?
- Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. (30 Sep 2020).
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