Suddenly, Technology Policy Is No Longer A Dirty Word

After years of talk, Congress is finally putting some money behind a technology policy to boost U.S. competitiveness. Enraged Republicans denounce the move as nothing more than a campaign ploy designed to help Bill Clinton. In fact, the debate over the $ 2.2 billion National Competitiveness Act, which passed the House on Sept. 23, appears to mark a political turning point. Administration opposition and the difficulty of reconciling the House bill with a less costly Senate version make enactment this year unlikely. But Capitol Hill has set the stage for action in 1993 -- surely if Clinton wins, likely even if President Bush is reelected. "The bill is a clear signal that Congress is willing to get more ambitious," says Daniel F. Burton Jr., executive vice-president of the private Council on Competitiveness.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.