Washington, D.C. – Speaker Nancy Pelosi delivered remarks on the Floor of the House of Representatives on the America COMPETES Act. Below are the Speaker’s remarks:
Speaker Pelosi. Thank you, Mr. Speaker.
Mr. Speaker, for generations, America’s innovation – from electricity to automobiles robotics and, from plastics – have shaped the course of history. We did – we prevailed because, we were pre-eminent because of our investing in science, research and technology.
But today, America’s pre-eminence is being challenged. Other countries have followed our lead in research, science and technology. As a result, more of the technology that we are relying on today are made abroad: driving up the cost at home, contributing to inflation, threatening our workers’ financial security, their jobs and eroding our nation’s competitiveness.
That is why Chairwoman Eddie Bernice Johnson and the Science, Space and Technology Committee – along with thirteen other committees of the House – crafted a data-driven, results-oriented package to help our nation meet and win in the 21st Century.
I associate myself with the remarks of the gentlewoman from Michigan in support of the COMPETES Act. The America – the House’s America COMPETES Act is precisely what is needed to ensure America’s might in manufacturing and innovation, while creating good-paying jobs and lowering costs for our nation – that that prevails.
Our bill helps bring down manufacture – brings American manufacturing back to our shores, including $52 billion for CHIPS, which are crucial for making cars, cars, cell phones and more. Our bill will help reinvigorate America’s industry, securing $45 billion to strengthen our supply chain and reduce dependence on foreign nations and lowering costs. And our bill invests in research and education so that we diversify our STEM workforce with apprenticeships and the rest. And our bill will promote U.S. global leadership.
In the spirit of patriotism and unity, the House will champion these priorities. We go to conference to craft a bold, bipartisan, bicameral package to send to the President’s desk. I hope that we will have the opportunity to go to conference soon. We are waiting for the signal from the Senate.
I yield back the balance of my time.
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