National Quantum Initiative would cost $1.1B over 4 years, CBO says

FedScoop – The Congressional Budget Office has put a price tag on a new effort to coordinate federal quantum information science research.

The office said Friday that the National Quantum Initiative bill introduced last month by Rep. Lamar Smith, R-Texas, would cost $1.1 billion to implement in the next four years.

The bill proposes to establish a National Quantum Coordination Office inside the White House’s Office of Science and Technology Policy to help coordinate research between agencies, serve as the federal point of contact and promote private commercialization of federal research breakthroughs over the next decade. It also calls for better research sharing with the private sector to advance quantum development, standardization and focused workforce initiatives.

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