Republican. Sen. Todd Young of Indiana and Senate Majority Leader Chuck Schumer, a Democrat, introduced the Endless Frontier Act this spring with the goal of pumping more than $110 billion over five years into scientific and technological innovation.

That includes a $10 billion effort to create tech hubs across the U.S., focusing on areas outside of the traditional tech centers like Silicon Valley, Seattle and Boston.

Sen. Young is on today’s podcast to talk about the legislation. Then we talked with David Johnson, the president and CEO of the Central Indiana Corporate Partnership about what it could mean for Indiana. You can read a column Johnson wrote about the Endless Frontier Act at IBJ.com.

One note: After our interview with Sen. Young, Sen. Schumer announced he would expand and rename the legislation to the U.S. Innovation and Competition Act.