Washington, DC – Today, Rep. Ron Kind voted for the bipartisan America COMPETES Act. This legislation makes critical investments in American manufacturing, innovation, and research.
Among other key provisions, this package will strengthen our supply chain to make more goods in America, boost our research capacity, accelerate our production of semiconductor chips, and enhance our global competitiveness.
“Our nation has been a beacon of excellence in science, technology, and innovation. In order to strengthen our communities, economy, and national security, we need to make investments to keep it that way,” said Rep. Ron Kind. “The America COMPETES Act will help connect our workers to more opportunities and make sure we can continue to outcompete any nation in the world for generations to come.”
The America COMPETES Act will:
- Include $52 billion for CHIPS for America Act to incentivize private-sector investments and continued U.S. leadership in semiconductor fabrication. This will help address supply chain disruptions and ensure more semiconductors are produced right here at home.
- Advance American scientific research and technology by making new investments in all aspects of innovation and scientific research to help lead to breakthrough discoveries.
- Include $45 billion to improve our supply chains and strengthen our national and economic security by making sure more goods are made in America and preventing shortages.
- Secure our nation’s global competitiveness and leadership through economic development, expanding investments in diplomacy, and promoting human rights.