The American Innovation Act authorizes approximately $49.6 billion in federal funding for basic science research across five key agencies from fiscal year 2025 through 2034, with automatic increases tied to inflation thereafter. The bill directs funds to the National Science Foundation, the Department of Energy's Office of Science, Department of Defense science and technology programs, the National Institute of Standards and Technology, and NASA's Science Mission Directorate, with funding amounts increasing each year over the ten-year period. This legislation affects universities, national laboratories, and research institutions that depend on federal grants to conduct fundamental scientific research. The bill exempts these appropriations from automatic budget cuts known as sequestration and excludes the spending from budget scorecards used to measure fiscal impact, effectively treating this investment as a priority outside normal budget constraints.
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