The American Innovation Act aims to significantly increase federal funding for basic science research over the next decade. The primary goal is to enhance the nation's investment in scientific research, which is seen as crucial for innovation, economic growth, and maintaining global competitiveness. Key provisions of the Act include specific funding allocations for various federal agencies involved in scientific research. The National Science Foundation will receive increasing amounts each year, starting from nearly $9.7 billion in 2026 and rising to over 8 billion by 2036.