Mike Roman, Senior Fellow at the American Council for Capital Formation, joined Science & Technology Action Committee Co-Chair Sudip Parikh, Members of Congress, higher education leaders, and business executives to discuss the critical importance of federal funding for the future of America’s science and technology enterprise.
For decades, the American science and technology ecosystem has been the world’s premier engine of discovery, delivering transformative benefits to communities across the nation. However, that global leadership is no longer guaranteed. The United States stands at a pivotal crossroads: either safeguard its S&T enterprise or risk ceding its competitive edge—jeopardizing decades of economic progress and scientific advancement.
Proposed cuts to federally funded research at the National Science Foundation and the National Institutes of Health threaten to reverse a long-standing, bipartisan commitment to science and technology investment—one that has consistently delivered strong economic returns. America’s continued global leadership depends on sustained support for a robust, well-funded S&T enterprise.
Speaking on behalf of the American Council for Capital Formation, Roman emphasized that ACCF members understand the vital role a strong science and technology ecosystem plays in attracting long-term capital, fueling business growth, and drawing both domestic and foreign investment—benefiting the broader U.S. economy.
Roman underscored that if the United States is to remain a global leader in technology and innovation, it must maintain federal funding for research and development and invest in STEM education to ensure a highly skilled, globally competitive workforce.
