I would like to know if the following short sentence is valid (correct English, I'm not asking for stylistic advice):
She proposes that novelty does not arise through external forces but is the result of a speculative tendency at the heart of computing.
Or if one must be verbose:
She proposes that novelty does not arise through external forces but that it is the result of a speculative tendency at the heart of computing.
I don't really like the duplication of 'that', so I am wondering if the first version is allowed.