Bill > S5043

This bill, the American Competitiveness Of a More Productive Emerging Tech Economy Act of 2020 or the American COMPETE Act of 2020, requires the Department of Commerce and the Federal Trade Commission to conduct studies and submit reports on the state of various emerging technology industries, such as artificial intelligence, quantum computing, blockchain, and unmanned delivery services, and their impact on the U.S. economy. The studies will assess the severity of risks to the marketplace and supply chains of these technologies, review the ability of foreign governments or third parties to exploit the supply chains, identify emerging risks and long-term trends, and provide recommendations to grow the U.S. economy through the secure advancement of these technologies and develop national strategies and legislation to support their adoption.