Securing Semiconductor Supply Chains Act of 2023

Floor Speech

Mr. Speaker, I rise to speak in support of H.R. 752, the Securing Semiconductor Supply Chains Act.

Semiconductors are necessary for the production of everything from consumer electronics to automobiles to our national defense weapons systems.

The United States was once a global powerhouse in semiconductor fabrication, but over the years, it has become dangerously reliant on other countries for the production of these chips, which are vital to both our national economic and security interests.

That is why I was proud to lead the effort last Congress when Democrats were in the majority here in the House to pass and enact the CHIPS and Science Act. This law was transformational. It will strengthen our manufacturing base to grow our economy for the future, help create good-paying jobs for American workers, unleash more innovation, and lower costs for consumers. It does this by investing more than $52 billion into domestic semiconductor research, development, and production so that more of these semiconductors are built here in the United States by American workers.

When you travel to the industrial heartland, spend time in our industrial communities, and talk to hardworking, middle-class Americans whose manufacturing jobs have been sent offshore, it is clear that we still have to do more. H.R. 752 will provide valuable information about how we can increase foreign direct investment to further advance our efforts to strengthen the semiconductor supply chains, create more jobs, and continue to revitalize American manufacturing.

Mr. Speaker, I commend Representatives Eshoo and Pence for their bipartisan leadership on this issue.

Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.

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Mr. PALLONE. Eshoo), the Democratic sponsor of this bill and the ranking member of our Energy and Commerce Committee's Subcommittee on Health.

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Mr. PALLONE. Madam Speaker, I yield myself such time as I may consume to close.

I urge support for this bipartisan bill, which continues our efforts to deal with chips, basically a follow-up on the CHIPS and Science Act, which was so important in bringing back American manufacturing and American innovation.

Madam Speaker, I yield back the balance of my time.

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