- Create a Technology Directorate with its own advisory board (distinct from the National Science Board)
- Would identify ten key technology areas (enumerated in the bill, initially (i) artificial intelligence and machine learning; (ii) high performance computing, semiconductors, and advanced computer hardware; (iii) quantum computing and information systems; (iv) robotics, automation, and advanced manufacturing; (v) natural or anthropogenic disaster prevention; (vi) advanced communications technology; (vii) biotechnology, genomics, and synthetic biology; (viii) cybersecurity, data storage, and data management technologies; (ix) advanced energy; and (x) materials science, engineering, and exploration relevant to the other key technology focus areas)
- Would have funds allocated by program managers who may use peer review in an advisory role (so, more like DOD than traditional NSF)
- Invest $100B over 5 years, with the idea that the rest of NSF would also go up, but this new directorate would get the large bulk of the funding
It's worth noting that people have been having these arguments for a long time. Here is a 1980 (!) article from Science back when a "National Technology Foundation" proposal was pending before Congress, for exactly the same perceived reasons (poor translation of basic science into technology and business competitiveness, though the Soviets were presumably the rivals with whom people were concerned about competing). The NSF has their own history that mentions this, and how this tension led to the creation of the modern Engineering Directorate within NSF.
Interesting times. Odds are this won't pass, but it's a sign of bipartisan concern about the US falling behind its technological rivals.