Business Roundtable released a report urging policymakers to advance key priorities that strengthen the American research and development (R&D) ecosystem to support innovation and continued global leadership.

Maintaining America’s standing as the preeminent technology incubator is critical for U.S. economic and national security. However, the U.S. R&D ecosystem is in danger of losing its competitive edge. “Powering America: Sustaining U.S. Leadership in Technology & Innovation” offers a blueprint for foundational, high-priority actions that will strengthen U.S. innovation leadership.

Specifically, Business Roundtable urges policymakers to advance several key priorities, including:

• Strengthening federal R&D capabilities;
• Facilitating increased private sector R&D;
• Making strategic investments to secure supply chains critical for innovation;
• Upgrading and expanding necessary innovation-related infrastructure;
• Developing clear and consistent frameworks for technology development and use;
• Establishing and advocating for risk-based technology standards that are aligned with U.S. interests; and
• Building a workforce to strengthen economic and innovation leadership.