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President Biden

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The Hill

Writing for The Hill, President L. Rafael Reif and Stephen A. Schwarzman, chairman, CEO & co-founder of Blackstone, praise the new “CHIPS and Science Act” and highlight the need for further action on the ‘Science’ part of the law. “We urge Congress to capitalize on this bipartisan momentum and appropriate the funds that the bill authorizes,” they write. The nation's "future competitiveness, prosperity and security all rely on technological leadership. To sustain its strength in the long term, the U.S. needs to invent and manufacture the next new technologies.”

Inside Higher Ed

Institute Professor Paula Hammond, head of MIT’s Department of Chemical Engineering, has been selected to serve on the President's Council of Advisors on Science and Technology, “a group of external advisers tasked with making science, technology and innovation policy recommendations to the White House and the president,” reports Alexis Gravely for Inside Higher Ed. Professors Maria Zuber, MIT vice president for research, and Eric Lander, the president’s science adviser and director of the White House Office of Science and Technology Policy, are two of the co-chairs for the council.

Bloomberg

Bloomberg reporter Benjamin Bain writes that Prof. Gary Gensler has been confirmed as the new head of the Securities and Exchange Commission. Bain writes that Gensler is “poised to confront everything from the fallout of the GameStop Corp. trading frenzy to the deluge of special purpose acquisition companies and the collapse of Archegos Capital Management.”

Reuters

Reuters reporter Trevor Hunnicutt spotlights how Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, has been tapped by the Biden administration to serve on the National Economic Council.