Deep Dive: Fiscal Responsibility Act of 2023
Chief negotiators worked over the weekend to put together a debt ceiling agreement to take to Congress for consideration by legislators. While a deal was announced around 9pm EST Saturday evening, the legislative text of the Fiscal Responsibility Act was only published on Sunday evening. Constitution Partners reviewed the legislative proposal and has the following analysis.
Energy Department Launches New Clean Fuels & Products Effort
On May 24, the Department of Energy announced a new ‘EarthShot’ to find low-carbon alternatives to petroleum-based transportation fuels and chemical feedstocks for plastics. In addition to identifying five critical research areas, the announcement set specific emissions reduction targets for year 2050.
White House Takes On Artificial Intelligence; Releases New A.I. RFI
The Biden Administration has rolled out an updated “National AI R&D Strategic Plan,” which nine focus areas for federal AI efforts. The White House's announcement this week also includes a new RFI on the matter, as well as an update on AI from the Department of Education.