Bioeconomy Research and Development Act of 2021

Floor Speech

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Mr. MEUSER. Madam Speaker, I thank my good friend and colleague, the gentleman from Florida for yielding.

Madam Speaker, we have far too many domestic and international crises facing us right now to name them here. From the southern border to Ukraine, Afghanistan to the crime in Philadelphia's streets, soaring gasoline prices to supply chain bottlenecks.

We have an opportunity here to make the U.S. economy more competitive--we can do that with the right bill--particularly against our number one competitor and often adversary, China. Rather than lower the costs for American large and small businesses, Madam Speaker, and creating a more competitive business environment, this so-called America COMPETES Act places burdens on the American economy in the form of debt and regulations, is filled with special interest subsidies, nobody can deny that, and has a whopping $325 billion price tag to go along with our escalating deficit and debt.

Meanwhile, the only part of the $325 billion that I agree with, and I believe my constituents agree with, would be the CHIPS USA Act and some of the rural broadband.

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Mr. MEUSER. Madam Speaker, this bill really is a plethora of new government programs that will not advance the U.S. economy.

Madam Speaker, this bill will likely get the vote of China, but would not get the vote of American small business. The CCP is very serious about economic growth with little regard for how to get there. We had better wake up or we will be responsible for letting them.

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