For 80 years, research and scientific advancement funded by the U.S. government has been a critical source of America’s global leadership in technology and innovation and has supported large-scale national achievements like winning World War II, splitting the atom, and landing men on the moon. But in recent decades, America’s commitment to publicly-funded science has waned. After peaking in 1964, federal research and development investment as a percentage of GDP and federal outlays steadily declined, falling to the lowest level in 60 years in the fiscal year 2019. That changed when President Biden signed the CHIPS and Science Act of...