Quantum information technologies build on quantum physics to collect, generate, process, and communicate information in ways that existing technologies can't. This report assesses the potential of these technologies, their benefits and risks, and policy options that could help foster their development. For example, future quantum computers could outperform regular computers in simulating chemical interactions, potentially reducing drug development time. Some small, error-prone quantum computers are available, but further development may require collaboration, supply chain and workforce development, and billions of dollars in investments.