Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020

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Under Secretary Keith Krach and his advisor Paul Touw... This is one of the decks that the E team presented to Senator Schumer and Young to inspire the bipartisan, bicameral Endless Frontier Act, an initiative to solidify the United States’ leadership in scientific and technological innovation through increased investments in the discovery, creation, and commercialization of technology fields of the future. We came up with the idea in October 2019. Our thinking evolved in early 2020 to produce this product. The bipartisan legislation further targets support to ensure new research investments translate into new American companies, manufacturing and high-tech jobs, and opportunities for regions across the country to become global centers of emerging technology industries. China and others are stealing American intellectual property and aggressively investing in research and commercialization to dominate the known technology fields of the future. We emphasized that without a significant and sustained increase in investment in research, education and training, technology transfer and entrepreneurship, manufacturing, and the broader U.S. innovation ecosystem across the nation, it is only a matter of time before America’s global competitors overtake the U.S. in terms of technological primacy.The Endless Frontier Act proposes an expansion of the National Science Foundation (NSF)—to be renamed the National Science and Technology Foundation (NTSF)—and the establishment of a Technology Directorate within NTSF to advance technology in 10 critical focus areas.

Regierungs- und gemeinnützige Organisationen

Investment Spending
with a purpose
a) b)
01.
02.
The Endless Frontier Act accomplishes
three goals with one stone
03.
R&D Spending
directed in sectors
of National Security
Importance
Public-Private Partnerships
to encourage follow-on R&D private
investment partnerships
Directs $100 billion
to the National Sciences
Foundation (NSF)
Restructures NSF
with broader mandate: National
Sciences and Technology
Foundation (NSTF)

9
A catalyst for R&D investments
$100B $200B ~$500B
Endless
Frontier
Act
Add
Private Sector
R&D match for
“skin-in-the-game”
(+$100B)
Add
President Approved
Partners and Allies
(+$300B)

10
Establishes a new Directorate within NSTF
New Technology
Directorate within NSTF
• Responsible for funding fundamental research related to specific
international technology challenges with clear geo-strategic
implications for the United States
• Director would be designated as the lead U.S. Government official for
coordinating international science and technology research activities
with allies, partners, and international organizations
• The new NSTF would have two Deputy Directors—one oversees existing
NSF operations, the other oversees a newly established Directorate for
Technology
• The new Directorate would be given DARPA-like authorities, with the
option to utilize program mangers for selecting awardees.
• NSTF would have a newly created Board of Advisors for the Directorate
for Technology to advise the Deputy Director on how to advanced
technology
• Congressional leadership would appoint some of the Board, with advice
from the National Academy of Sciences, Engineering and Medicine.

15
R&D Objectives
• Increase U.S. R&D investment in10 national security sectors
• Protect IP and proprietary technology
• Compound government investment with private sector and allies
• Synergize spending between defense & commercial applications
• Leverage private sector resources and know-how
• Build collaboration with T-10 partners to counter malign regimes
• Strengthen technological warfare capability
• Increase economic competitiveness of US and T-10 companies
• Create new industries and jobs
• Maximize “commercialization” of R&D investments

16
Add public-private R&D partnerships
• Leverage Schumer/Young bill (Frontiers Act)
➡ Expands NSF to NSTF, provides USG funding of $100B
• Add a public-private sector $1-for-$1 match
➡ Expands R&D sector funds to $200B
➡ Requires private sector skin-in-the-game
➡ But helps direct investments where private sector see needs
➡ Participating private sector companies get some IP rights

17
Safeguard National Security Sectors
• Assure all R&D investments are protected
• Institute security protocols around invested funds and IP
• Strengthen laws for theft of national security sector IP
• Not released to public domain
• Non-participating nations may get license and pay royalty
• Malign competitors excluded and no access

18
For immediate comment, analysis, and further explanations contact:
Paul Touw
Chief Strategy Officer
Senior Advisor to U/S Keith Krach
Economic Growth, the Environment, and Energy
U.S. Department of State
TouwP@state.gov
Cell: (202) 664-6421
Keith Krach
Under Secretary of State
Economic Growth, the Environment, and Energy
U.S. Department of State
KrachKJ@state.gov
Cell: (202) 975-5469
Work: 202-647-7575

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How the Clean Network Alliance of Democracies Changed the Future of Sino-Amer...

Keith Krach

TRUSTED TECH FINANCE INITIATIVE Dedicated to Advancing Freedom and Opportunity for Microentrepreneurs by Closing the Digital Divide in Low-income Countries The Trusted Tech Microfinance Partnership (TechFinance) is devoted to transforming the lives of microentrepreneurs by empowering them to participate in the digital economy, with innovative paths to earn income, gain confidence in trusted technology, and improve the quality of life for their families and communities. The Trusted TechFinance (TTF) initiative will enable participants to access trusted technology products, online education, and training to make existing businesses more scalable and efficient and pursue a broad array of technology-enabled careers including programming, e-commerce, web design, customer service . The partnership leverages the strengths of  Opportunity International (OI), as the global leader in issuing microloans to lift people out of poverty, and the Krach Institute for Tech Diplomacy at Purdue (KITD), as the leading global authority for advancing freedom through trusted technology. The transformative power of trust is a key theme of the partnership. Opportunity International transforms lives through the power of its Trust banks and trust groups. The Trusted Tech Microfinance Partnership (TechFinance) opens a new dimension of Opportunity International microfinancing in low-income countries, expanding beyond its education finance (EduFinance) and agriculture finance (AgFinance) microfinance initiatives. The partnership extends the Krach Institute’s global tech diplomacy mission to low-income countries, defending against technological authoritarianism and advancing freedom through the adoption of trusted technology. The Trusted Tech Microfinance Partnership Solution A need of this magnitude and complexity requires a multi-faceted solution on a massive scale. To have a profound impact on closing the digital divide, the strategy is designed to integrate all 4 critical success factors: Noble Mission: • Lift the poor out of poverty • Economic empowerment of women • Close the digital divide • Adoption of trusted technology to defend against authoritarianism • Advance freedom Proven Scalable Model • 50 years of history with $2.5 Billion in loans • Sustainable business model with 98% payback rate • Reach exceeding 250 million families, 94% women • 38,000 on the ground partners in low-income communities Whole Solution • Low cost prepackaged integrated technology stack • Global on-line training capability with the first public global on-line university • Established in country banking capabilities with 25 financial service firms • Proven methodology of Innovation with two existing programs Critical Partners: Experience with; support from; and training programs for; • Leading technology companies (Microsoft, DocuSign, Meta, Cisco, Google) • US State Department and Commerce Department • U.S. Development Finance Corporation (DFC), USAID, and development banks

About TRUSTED TECH FINANCE INITIATIVE Dedicated to Advancing Freedom and Oppo...

Keith Krach

TRUSTED TECH FINANCE INITIATIVE Dedicated to Advancing Freedom and Opportuni...

Keith Krach

U.S Ambassadors Annual Meeting Develop and operationalize a proactive Global Economic Security Strategy that combats economic aggression, maximizes national security, and advances prosperity and peace. Building Prosperity Partnerships for the Global Trust Network Prosperity Partner Toolkit Innovation Package Software Development Labs B2B eCommerce Computers and Hardware Fin-tech security Promoting Innovation Sector Basic software E-commerce Trusted tech enabling Business support and IT services Financing EXIM DFC MCC USAID Regional Development Banks Empowerment for Women

Prosperity Partnerships for Global Trust Network .pptx

Keith Krach

Wharton Business School Case study; Here Comes the Sun: ESG and Dirty Solar Supply Chains, Kelly Currie & Keith Krach There has been explosive growth in environmental, social and governance (ESG) investment. There is also a growing consciousness that unfettered investment in China’s economy has serious consequences for America’s economic and national security. It is increasingly clear that ESG investment in Chinese entities are in serious conflict, and nowhere is this conflict more evident than the supply chain for solar panels. Investors, consumers, and voters rightly want “clean” supply chains with clean labor practices for clean energy, but the ESG investment industry has failed to deliver them. Instead, as ESG investment has increased, the supply chain for solar panels has become deeply entangled in the ongoing genocide against the Uyghurs . Clean Capital Markets Playbook To address this massive issue, Krach and his team determined that the Clean Capital Markets Strategy necessitated a multi-faceted campaign involving Wall Street, major corporations, civil society, American universities, and consumers. When it came to ESG, this strategy presented one of the most comprehensive models for addressing the inconsistent application of ESG standards—not just on solar, but every industry under the sun. Clean Capital Markets Strategy consisted of four prongs: (1) calling out the CCP’s egregious behavior; (2) unveiling China’s financial ruses; (3) championing investors; (4) taking action. “Clean Capital Markets” Rather than replicating the convoluted EU regulatory approach that likely will serve as a brake on innovation and investment, U.S. policymakers should look to the Clean Capital Markets approach. Instead of controversial and complicated new disclosure schemes, policymakers should focus on targeted, achievable goals. As part of his broad push to protect the average American investor from unknowingly financing the CCP’s malign intentions, Krach developed the multi-pronged Clean Capital Markets Playbook to address the distortions that have arisen under the current system. The playbook’s targeted, common-sense recommendations may also have the added benefit of leveling the playing field for companies that play by the rules, do not benefit from slave labor or have the backing of a predatory party-state . In April 2022, as the co-chair of the Global Tech Security Commission, Krach pens an article in Fortune “Present your China contingency plan at the next board meeting.” Boards increasingly understand doing business with, in, or for China represents tremendous risk. The world saw the Ukrainian attack coming. The free world has come to learn that, just like Putin, General Secretary Xi is not to be trusted. You can’t afford to get caught off guard on this one. So, prepare now. When that moment comes, and you’re not ready, it will already be too late. When the dreaded becomes inevitable, you need to develop a plan and execute on it.

Wharton Business School Case study; Here Comes the Sun: ESG and Dirty Solar ...

Keith Krach

How to Set Traps with Strategic Positioning Strategic Positioning = Trust Krach observed that typically what the government calls marketing is really tactical communications focused on crisis management and public diplomacy. Private-sector marketing know-how was another unique skillset the Clean Team to build the Clean Network into a global brand and develop the marketing campaign. From a strategic standpoint, Krach believed that to enable transformational change you need three things: a noble cause, an adversary, and a plan. To inspire America’s allies and partners, the noble cause became the battle of “Freedom versus Authoritarianism,” which provided a clear differentiation from the adversary—the CCP. The Strategic Positioning—Who Do You Trust? The Clean Team purposefully targeted the CCP, not Huawei, because they envisioned 5G as the initial beachhead in a much bigger battle. The heart of the marketing plan consisted of the strategic positioning and three simple key messages re-enforced countless times. As Krach said during his June 25 press conference and repeated continuously, “The question that governments and businesses around the globe are asking about 5G is, ‘Who do you trust?’”

Setting Traps with Strategic Positioning: Keith Krach

Keith Krach

In Silicon Valley, we facilitate industry standards. You set the rules of the ballgame. In DocuSign we came up with a thing called the xDTM standard, which measures the level of trust in a digital transaction. And we did the same thing with a clean network trust standard and with that enabled countries and companies to do. It set that bar of trust. Without using China's name or will always name and set that bar, it was based on those democratic principles. if you think about it, if I'm competing against you and you could steal my intellectual property, you can use slave labor, you could use coal fired power plants, you don't have to be transparent. You're going to win every tack. They would do that for their strategic advantage. What we did in one jujitsu move, we flipped them on their back and use these trust principles, these democratic values to our advantage. if you think about it. We weaponized the very. Transparency of democratic values that protect our freedom.

Utilizing Industry Tech Trust Standards for Strategic Advantage Krach Instit...

Keith Krach

Protecting American Investors Keith Krach Under Secretary of State Senior Advisor Ed KinseyDeception is not compatible with transparency. With China’s entry into the American stock markets, they have subversively challenged the roots of financial transparency, a strength of the American free-market system. The Securities and Exchange Commission (SEC) issued rulings in the 1990s which seemed appropriate for that time but did not anticipate the entry of a new form of a corporation, Chinese state-owned enterprises (SOE’s) in which the government, the regulators and the beneficiaries are all one entity. As a result, SOE’s can sell securities on the New York and NASDAQ stock exchanges without complying with the disclosure rules that American and other countries’ enterprises are required to follow. Adding full control of SOE structures to deception destroys transparency. At the time of the original rulings, the SEC stated they found no evidence of the incompatibility of laws but noted that they need to monitor the result. This was at the infancy of the emergence of foreign regulated corporations onto the American exchanges. It’s time for the SEC to revisit its 1990’s rulings to address the current laws and circumstances. The road to security regulation internationalization was based on the principle that all sellers played by the same rules. The continuing emergence of Chinese SOEs on the American based New York and NASDAQ exchanges is stacking the deck against American companies and intensifying the risks that investors are taking. The knowledge of China’s security standards and methods to offshore valuable American capital is wildly confusing. Even seasoned Wall Street investors and investment firms are not aware of the regulatory and motive differences. This is a perfect storm for a catastrophic meltdown due to the collection of broad risk factors that now exist.The U.S. stock markets are the largest and most respected in the world because of the quality of the regulatory governance and transparency that surrounds them. It is our responsibility to uphold those strengths and our obligation to ensure that these markets remain strong for the future generations of Americans. Uniquely challenging times call for strong action; The SEC must reverse course and immediately issue new rules requiring any company that does not comply with Sarbanes-Oxley and US securities laws to be delisted from the U.S. stock exchanges within the shorter of 12 months or their next annual reporting time. The DOL must issue a risk advisory to pension plan fiduciaries regarding the additional risks related to foreign stocks that are not compliant with U.S securities laws. The DOJ should pursue action against PERS plan fiduciaries who have conflicts of interest with the government of China. Such actions will send a signal to warn others.

Clean Capital Market Campaign Chinese Stocks on U.S. Stock Exchanges- Keith K...

Keith Krach

10 ESSENTIAL ELEMENTS FOR DELIVERING AN ENDURING PROVEN MODEL TO COMPETE WITH...

Keith Krach

Founder and Chairman of the Center for Tech Diplomacy at Purdue (CTDP) and former Under Secretary of State, Keith Krach, addressed this year's Yushan Forum on the topic of Strengthening U.S. - Taiwan Relations to Advance Freedom. Highlights of Krach's address include: His mission was to strengthen global support for Taiwan. Krach believes that strategy equals sequence--was comprised of six sequential moves. The first was to bolster support for countries that have the courage to still recognize Taiwan. The second was to create a Taiwan win for the United States. The third was to build a foundation of trusted relationships. And then the fourth and the fifth that was to establish a formal economic partnership as broad as possible and then establish a technology partnership as deep as possible. And then the final one was to lay the groundwork for a formal trade relationship. Selected excerpts: It's an honor to be back with my Taiwan friends. You know what I've come to know in my 40 year career as a businessman and later as a diplomat that Taiwan is an indispensable partner in advancing freedom, and it demonstrates the power of free markets and democracy as a counterweight to authoritarian states. And I'm here because of my love for the Taiwanese people and the many friendships I've made along the way. We have a lot of common bonds, common values. We are built of similar stuff. Tough, honest, hardworking, creative, and independent, and we're both founded on the belief in freedom and the pride moving forward.

Strengthening U.S.-Taiwan Relations to Advance Freedom: 2021 Yushan Forum; Ke...

Keith Krach

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