American COMPETE Act of 2020
The source supplies the latest action, but no lifecycle stage.
Latest action (17 Dec 2020): Read twice and referred to the Committee on Commerce, Science, and Transportation.
What this bill does
Here is a plain-English summary based on the provided text.
S. 5043, the American COMPETE Act of 2020, would direct the Secretary of Commerce and, for several sections, the Federal Trade Commission, to conduct a series of studies examining the state of emerging technology industries in the United States and their effects on the economy. The technologies covered include artificial intelligence, internet-connected devices used in manufacturing, quantum computing, blockchain, new and advanced materials, unmanned delivery services (such as drones and autonomous vehicles), the broader internet of things, three-dimensional printing, and tools to combat online harms. For each area, the studies would survey industry participants, catalog relevant federal agencies and their regulations or guidelines, examine supply-chain and marketplace risks (including risks tied to foreign exploitation), and identify federal resources available to consumers and small businesses. Agencies would then have to report results and policy or legislative recommendations to relevant House and Senate committees and post the reports publicly.
The bill primarily affects federal agencies conducting the studies, but its findings would be relevant to businesses in these technology sectors, small businesses and consumers seeking information about these technologies, and populations such as senior citizens, people with disabilities, and those without access to traditional transportation who might benefit from unmanned delivery services. It does not create new regulations itself but lays groundwork for possible future legislation.
The bill was introduced in the Senate on December 17, 2020, by Sen. Deb Fischer and referred to the Committee on Commerce, Science, and Transportation. According to the Congressional Research Service, it was not enacted as a standalone bill; instead, its provisions were incorporated into other legislation that was later enacted.
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 of 2020 or the American COMPETE Act of 2020
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
17 Dec 2020
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Common questions
- What does S. 5043 do?
- Here is a plain-English summary based on the provided text. S. 5043, the American COMPETE Act of 2020, would direct the Secretary of Commerce and, for several sections, the Federal Trade Commission, to conduct a series of studies examining the state of emerging technology industries in the United States and their effects on the economy. The technologies covered include artificial intelligence, internet-connected devices used in manufacturing, quantum computing, blockchain, new and advanced materials, unmanned delivery services (such as drones and autonomous vehicles), the broader internet of things, three-dimensional printing, and tools to combat online harms. For each area, the studies would survey industry participants, catalog relevant federal agencies and their regulations or guidelines, examine supply-chain and marketplace risks (including risks tied to foreign exploitation), and identify federal resources available to consumers and small businesses. Agencies would then have to report results and policy or legislative recommendations to relevant House and Senate committees and post the reports publicly. The bill primarily affects federal agencies conducting the studies, but its findings would be relevant to businesses in these technology sectors, small businesses and consumers seeking information about these technologies, and populations such as senior citizens, people with disabilities, and those without access to traditional transportation who might benefit from unmanned delivery services. It does not create new regulations itself but lays groundwork for possible future legislation. The bill was introduced in the Senate on December 17, 2020, by Sen. Deb Fischer and referred to the Committee on Commerce, Science, and Transportation. According to the Congressional Research Service, it was not enacted as a standalone bill; instead, its provisions were incorporated into other legislation that was later enacted.
- Has S. 5043 become law?
- The source does not supply a confirmed lifecycle stage for S. 5043. Check the latest action and official source below.
- Who sponsored S. 5043?
- S. 5043 was sponsored by Sen. Fischer, Deb [R-NE] (R-NE), with 1 cosponsor.
- What's the latest action on S. 5043?
- Read twice and referred to the Committee on Commerce, Science, and Transportation. (17 Dec 2020).
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