Another Historic Investment in America

Floor Speech

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Ms. UNDERWOOD. Mr. Speaker, last week, House Democrats advanced yet another historic investment in the American people, the America COMPETES Act. Not only will the America COMPETES Act strengthen our economic and national security, it supports the production of U.S. semiconductors, which play a role in nearly every sector of our economy.

This critical $52 billion investment in semiconductors will address chip shortages and supply chain disruptions, lowering car costs for consumers while creating good-paying jobs. I have heard from my neighbors how much they have been feeling the recent spike in new and used car prices and wait times, and this bill will help.

The America COMPETES Act also makes transformational investments in research, authorizing a new program to advance accelerator technology and build on the work of scientists at Fermilab National Accelerator Facility in my district.

I am proud to support this comprehensive legislation to boost American competitiveness and broaden economic opportunity, and I urge my colleagues in the Senate to act swiftly to send it to President Biden's desk.

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