Directs the Secretary of Energy and the Director of the National Science Foundation to run jointly coordinated, competitive, merit-reviewed research and development activities across a set of advanced technology areas (for example: quantum, artificial intelligence, microelectronics, energy and materials, and high‑energy physics). The agencies must formalize coordination via a memorandum of understanding, may use reimbursable agreements and other arrangements with partners, and must include education and workforce initiatives.

All work must follow existing federal research‑security rules; the agencies must report to relevant congressional committees within two years describing the activities and outcomes.