AeA Applauds Democratic Leaders for Increasing R&D Budget

Washington, DC (February 5, 2007) – For the past two years, AeA’s highest priority has been improving the competitiveness of American high tech. One of the elements is to increase the basic research budget of the Federal government. AeA strongly praises the efforts of Speaker Nancy Pelosi, Representative Dave Obey, Chairman of the House Appropriations Committee, and others, for increasing the budget, specifically for physical sciences, in the continuing resolutions for fiscal year 2007.

“Speaker Pelosi has been consistently supportive of efforts to improve American competitiveness,” said William T. Archey, President and CEO, AeA. "This was vividly demonstrated in the Democrat's Innovation Agenda introduced in the 109th Congress. This action on the R&D budget further reinforces that commitment."

Speaker Pelosi recently announced the passing of H.J.Res.20, which makes continuing appropriations for the remainder of the fiscal year 2007. The bill, which stays within the budget limits set by Congress last year, makes critical investments for several unmet needs, and passed on the House floor by a strong bipartisan vote of 286 to 140.

This is a very important step towards improving America’s competitiveness, and it is now up to the Senate to follow through.

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About AeA
AeA, the nation’s largest technology trade association with 2,500 member companies representing all segments of the high-tech industry, is dedicated solely to helping our members’ top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit http://www.aeanet.org.

This page was last updated on 02/05/07.