This bill, sponsored by Sen. Chuck Schumer (D-N.Y.), and renamed: U.S. Innovation and Competition Act (USICA) (S.1260), intends to counter intellectual property theft from China, and change how the National Science Foundation and other agencies fund research in America. The bill currently has the federal government take a similar approach to China: depending on government central planning to advance research and development. The bill initially had potential to be a tool in combating China, it has instead become a 1,800 page bill that spends $250 billion and does little to protect American intellectual property from being stolen by China. The U.S. did not beat the Soviet Union in the 1980s by adopting central planning, but by unleashing American innovation to put pressure on, and ultimately cause the collapse of a communist regime. If the U.S. is going to spend money to combat China and reformat how government agencies approach research, we should do so in a responsible and efficient way. This bill would reimagine the National Science Foundation from being a $3 billion agency to a $100 billion agency.