Bioeconomy Research and Development Act of 2021

Floor Speech

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Ms. CHU. Madam Speaker, I rise today in strong support of the America COMPETES Act, which will make historic investments in America and ensure we remain a global leader in science and technology.

From climate change to cybersecurity, many of the greatest challenges facing our country can only be met through research and innovation that will develop new products and create new jobs, but in order to rise to this moment, we need to turbocharge America's scientific sector. And that is what this bill would do by investing $52 billion for semiconductor production here at home, an investment that will improve the supply chain for almost every product in our lives.

And it modernizes the National Science Foundation to advance America's scientific leadership by supporting institutions like Caltech, based in my district, which is one of NSF's most trusted partners.

I thank my colleagues today who have modeled responsibility in debating this bill by focusing on what we gain and not who we should fear.

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