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MaineLD 788132nd Maine Legislature (2025-2026)Senate

An Act to Promote an Innovation-driven Economy by Increasing Research and Development Spending

Sponsored By: Teresa S. Pierce (Democratic)

Signed by Governor

ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT - PLANNING

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

State sets research spending goal by 2030

The law sets a statewide target for research and development spending. The Maine Economic Growth Council must support and track progress. Goal: meet the national-average share of R&D as a percent of Maine’s GDP by 2030, and keep it every year after. The law removes fixed bonding and General Fund dollar targets and focuses on performance and yearly accountability. It does not set new funding amounts or taxes.

Sponsors & Cosponsors

Sponsor

  • Teresa S. Pierce

    Democratic • Senate

Cosponsors

  • Trey L. Stewart

    Republican • Senate

  • Kristen Cloutier

    Democratic • House

  • Mark W. Lawrence

    Democratic • Senate

  • Matthea E. L. Daughtry

    Democratic • Senate

  • Richard A. Bennett

    Independent • Senate

  • Ryan Fecteau

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor, ACTPUB Chapter 146

    5/29/2025

  2. PASSED TO BE ENACTED, in concurrence.

    5/27/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    5/27/2025House

  4. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-120).In concurrence. ORDERED SENT FORTHWITH.

    5/22/2025House

  5. Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-120) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-120).Ordered sent down forthwith for concurrence.

    5/21/2025Senate

  6. CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025Senate

  7. Received by the Secretary of the Senate on February 27, 2025 and REFERRED to the Committee on HOUSING AND ECONOMIC DEVELOPMENT pursuant to Joint Rule 308.2

    3/4/2025Senate

Bill Text

  • Amendment C-A (S-120), adopted by House & Senate

    PDF

  • Enacted

    PDF

  • Introduced

    PDF

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