U.S. Innovation and Competition Act

Floor Speech

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Mr. SCHUMER. On another matter, the Senate continues to make great progress on the modified Endless Frontier Act, now called the U.S. Innovation and Competition Act. Yesterday, we considered two amendments and added one of them to the bill, a bipartisan amendment led by Senators Hirono and Tillis. Today, we will consider another two amendments.

As my colleagues know, the bill itself is the product of at least six Senate committees and already includes input of nearly every Member of the Senate. And, as promised, we are working in a bipartisan way, in a much more open way than the Senate used to act, to allow amendments and have debate.

This is an issue where our two parties are working together with a great deal of cooperation. Down to a Member, I believe we all want to see the United States maintain its position as the global economic leader in the 21st century. We all want to see America stay No. 1 in science and technology. It is so important for jobs, for our economic security, for our national security.

We have an extraordinary opportunity to set our country on a path to outinnovate, outproduce, and outcompete the world in the industries of the future. Let's keep working and deliver a strong bipartisan result by the end of next week.

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