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Mr. EVANS of Colorado. Mr. Speaker, today I rise in strong support of my bipartisan bill, the Global Investment in American Jobs Act.
Mr. Speaker, this is a critical piece of legislation that will help bolster American competitiveness in the face of increasing economic aggression from the Chinese Communist Party, all while helping to create jobs in my home State of Colorado and all across the Nation.
First and foremost, I extend my gratitude to the gentlewoman from Illinois (Ms. Kelly) for helping to introduce this bill with me. I am proud to work with her in a bipartisan fashion to advance this bill first through the Energy and Commerce Committee and now onto the House floor.
In Colorado alone, there are more than 126,000 workers that are the direct result of foreign direct investment. Of these workers, 31 percent work in manufacturing roles. These jobs, like other good, blue- collar jobs in my district, provide stable, good-paying careers to constituents to help provide for their families. Oftentimes, these jobs are obtainable to folks with a high school degree after a quick and affordable career technical education course.
My bill tasks the Secretary of Commerce with conducting an interagency review to help create a more favorable environment for foreign direct investment, ultimately boosting our economy and benefiting American workers.
International companies are beginning to recognize what most of us have known for decades. The American worker is among the most talented in the world. Whether it is energy, technology, or chemicals, Americans produce some of the highest quality products in the cleanest, most efficient, and socially responsible ways possible.
With the resurgence in America's manufacturing industry, global investors are now clamoring to pump money into emerging industries in the U.S. Congress needs to ensure that we as a Nation are striking the right approach in courting international companies and facilitating responsible investments.
This legislation doesn't just help create good-paying jobs. It also helps to ensure that America remains competitive with the Chinese Communist Party by retaining our technological advantage in research and development.
International employers in the U.S. account for more than $80 billion in research and development. With this bill, Congress can take a major step in seeing this number increase over the coming years.
This isn't just something that we should consider doing. It is necessary. In the face of increasingly unscrupulous tactics from the Chinese Communist Party such as rampant intellectual property theft, corporate espionage, the use of slave labor, and environmentally reckless energy practices, it is imperative for the United States to leverage every available tool to bolster American industry, such as this bill.
Mr. Speaker, I urge my colleagues to join me in supporting the Global Investment in American Jobs Act to maintain Americans' competitive edge, invest in our domestic talent, bring more jobs home, and drive innovation to usher in the next era of manufacturing dominance in the United States.
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