Based on two related bills recently passed in the House (HR 2272) and the Senate (S. 761) (Summary of S 761 here), COMPETES was enacted to promote science education in America and to put this country back in the lead in the fields of science and technology. While not yet signed by Bush, he would be a fool not to sign this bill as it 1) would make him look like a bigger idiot than he already looks and, 2) a veto in this case can be easily overridden. So this is going to happen.
The text of the press release appears below.
LAMPSON NAMED CONFEREE TO LEAD SCIENCE, ACADEMIC, AND INDUSTRY LEGISLATION
House and Senate conferees will meet in committee today to resolve differences between the America Competes Act (S. 761) and the 21st Century Competitiveness Act (H.R. 2272). The eventual conference report for the COMPETES Act will include several key pieces of legislation, including House-passed proposals authorizing a total of $23.6 billion over FY 2008 to 2010, including $21 billion for research and education programs at the National Science Foundation (NSF), $2.5 billion for the research labs, the Manufacturing Extension Partnership and other activities at the National Institutes of Standards and Technology (NIST), and $96 million for early career awards and teacher professional development programs at the Department of Energy (DOE). An additional $70 million is authorized for these programs at DOE for FY 2011 to 2012.