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Technology CEO Council Applauds America COMPETES Act Conference Report

Published Thursday, August 2, 2007

CEOs from the nation's leading technology companies today applauded Members of the House and Senate for completing the Conference Report to H.R.2272, the America (COMPETES) Act, that aims to double government funding for basic scientific research and provide programs to improve math and science education programs in the United States.

"The completion of this agreement represents a strong commitment from both parties to ensure our Nation remains a competitive leader in the innovation economy," said Karin Hudson, Deputy Executive Director of the Technology CEO Council. "The provisions in H.R. 2272 will provide significant research funding increases, establish programs aimed at expanding math and science education at all levels, and improve some of the basic infrastructure needed to solidify our economic and competitive position in the future.

"We applaud House and Senate leadership for working in a bipartisan fashion to push this bill through the legislative process, and we strongly encourage members in both chambers to quickly act on passing the Conference Report before they adjourn for the August recess," said Hudson.

In February of this year, the Technology CEO Council unveiled its "Seven for ‘07" program that includes many bipartisan and industry supported initiatives focused on innovation and competitiveness. The agenda includes:

  • Increase funding for proven programs and incentives for math teacher recruitment and professional development.
  • Double basic research budgets at the NSF, NIST, DOE's Office of Science, and DOD.
  • Renew Presidential Trade Promotion Authority with an expanded Trade Adjustment Assistance Program to include service sector employees and more effectively assist workers in transition.
  • Pass immigration reform that ensures the best and brightest can study and work in the United States.
  • Enable accelerated use of information technology in healthcare services.
  • Make a strengthened, modernized R&D tax credit permanent.
  • Reform the patent system to address unjustified lawsuits, patent quality and global protection of Intellectual property.

Technology CEO Council companies generate over $300 billion in annual revenues and employ over 800,000 workers. Founded in 1989 and formerly known as the Computer Systems Policy Project, its members include Ed Zander, Chairman and CEO of Motorola, Inc. and TCC Chairman; Michael Dell, Chairman and CEO of Dell Inc; Mark V. Hurd, Chairman, President and CEO of Hewlett-Packard Company; Joseph McGrath, President and CEO of Unisys Corporation; William Nuti, President and CEO of NCR Corporation; Paul Otellini, President and CEO, Intel Corporation; Samuel J. Palmisano, Chairman, President and CEO of IBM Corporation; Michael R. Splinter, President and CEO of Applied Materials, Inc. ;and, Joseph M. Tucci, Chairman, President and CEO of EMC Corporation.