Summary

Provides multi-year, fixed annual funding for major federal research agencies for fiscal years 2026–2035 and creates an inflation-indexing rule for several agencies beginning in FY2036. The bill both authorizes and appropriates specified dollar amounts from the Treasury for NSF, DOE Office of Science, DOD science & technology programs, NIST research and services, and NASA's Science Mission Directorate, giving multi-year budget certainty for R&D activities.

• Sets fixed annual appropriations for NSF, DOE Office of Science, DOD S&T, NIST, and NASA SMD for FY2026–FY2035.
• Explicitly authorizes and appropriates the stated amounts from the Treasury rather than leaving totals to annual appropriations processes.
• Requires inflation indexing for DOE Office of Science, DOD S&T programs, and NIST beginning in FY2036, tied to CPI-U changes.
• Provides multi-year funding certainty for federal research programs, aiding long-term planning for grants and contracts.
• Does not create new programs or change programmatic authorities; focuses on funding levels and indexing.
• Applies across civilian and defense research portfolios but is primarily about research funding rather than policy changes.
• No tax changes, emergency designations, or explicit unfunded mandates are included.
• Duration is limited: specified funding through FY2035, with indexing mechanics beginning in FY2036.