American Quantum Competitiveness Act

Key Points

• This bill aims to make the United States a world leader in quantum technology. Quantum technology uses the laws of physics to create incredibly powerful computers and communication tools. The bill puts the Commerce Department in charge of helping American companies build and sell these new tools.
• A major goal is to create trusted supply chains for the parts needed to build quantum computers. This means the government will help companies get materials from the U.S. or friendly countries like those in the European Union and NATO. It specifically tries to reduce reliance on parts from rival nations.
• The Secretary of Commerce would become the main advisor to the President on quantum business. Every few years, the department must release a public report and a national strategy. This plan will identify risks to U.S. business and suggest new laws to keep American tech companies ahead of global competitors.
• The bill encourages private companies to invest more money in building quantum tech within the United States. However, it includes a rule that says private businesses do not have to share their secrets or follow the government's suggestions if they do not want to.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.