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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 9, 2020.
Industries of the Future Act of 2020
This bill requires the Office of Science and Technology Policy (OSTP) to report to Congress on research and development investments, infrastructure, and workforce development investments of the federal government that enable continued U.S. leadership in industries of the future.
The President shall establish or designate an Industries of the Future Coordination Council. The council shall provide the OSTP with advice on ways in which the government can ensure that the United States continues to lead the world in developing emerging technologies that improve the quality of life of the people of the United States, increase U.S. economic competitiveness, and strengthen U.S. national security.