Last week the Senate Commerce Committee passed its approach to bolstering U.S. competitiveness by authorizing more funding for research programs at the National Science Foundation, among other things. This is one of the many bills floating around to address this issue.
Peter Harsha at the Computing Research Association has good coverage of the markup including an analysis of a fight over two amendments. The first would have given certain disciplines priority when NSF granted funding for proposals. The second was over authorizing the High-Performance Computing initiative, which USACM commented on when it passed the Science Committee last year.