American Innovation Act

The American Innovation Act (S 3997) authorizes significant funding increases for federal science and technology programs through fiscal year 2035. It directly affects five key agencies: the National Science Foundation (NSF), Department of Energy’s Office of Science, Department of Defense science programs, National Institute of Standards and Technology (NIST), and NASA’s Science Mission Directorate. The bill sets specific annual funding levels for each agency (e.g., $9.74 billion for NSF in 2025), with automatic annual increases tied to inflation for years 2035 onward. It also exempts these appropriations from sequestration under the Balanced Budget Act, ensuring stable funding without requiring offsetting budget cuts.