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Majority Leader Schumer Floor Remarks On The Astonishing Investments In American Manufacturing And Jobs Following Passage Of The Inflation Reduction Act, The CHIPS And Science Act, And The Infrastructure Law

Washington, D.C. Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor highlighting the rollout of Invest.Gov and the remarkable new investments that have occurred under the Biden Administration and Senate Democrats, touting the passage of landmark legislation like the Inflation Reduction Act. Below are Senator Schumer’s remarks, which can also be viewed here:

Last week, Congress passed legislation averting catastrophic default. That alone is very good news for every single community in this country.

Better yet, Congress averted default while also preserving the important investments we’ve made through legislation like the CHIPS and Science Act, the Bipartisan Infrastructure Bill, and Democrats’ landmark Inflation Reduction Act.

Now, Democrats are getting the word out on our agenda, and for months I’ve worked with the Administration and with my colleagues to painstakingly plan out implementation.

It’s one thing for Americans to read about Congress passing this bill or that bill; it’s a whole different ballgame for them to see these investments come to life through construction projects, new factory openings, new job announcements, and even more private sector investments. Implementing our agenda is not abstract – it’s happening across the country as we speak. It means jobs, jobs, jobs, as well as real help for so many different communities – suburban, urban, rural – across the country.

To that end, the Biden Administration announced today they’ll hit the road very soon for their phase two of Investing In America Tour. It’ll be a great chance for Americans to hear directly from the Administration in their own back yards, and for the Administration to tout the new projects sprouting across the country.

Today the White House also announced the rollout of Invest.Gov, a terrific new resource mapping out precisely how implementation is taking roots across the country. I encourage everyone to visit Invest.Gov so they can see all the projects in semiconducting, clean energy, battery and EV manufacturing, and bio manufacturing that have been announced since the beginning of President Biden’s term.

And, my friends, the numbers don’t lie: under President Biden and Democrats in Congress, 32,000 infrastructure projects, more than $470 Billion – billion with a capital B – worth of private investments have been announced. Including:

  • $214 billion in investments towards semiconductors, which was largely made possible thanks to the CHIPS and Science Act.
  • $200 billion – more than $200 billion – to help make America the leader in clean energy manufacturing, led by legislation like the Inflation Reduction Act.
  • And these investments include everything from new battery plants in Georgia and West Virginia, to solar power facilities in Oklahoma and South Carolina, to wind turbine assembly lines in New York, and so much more.

And these are just a few examples of how Democrats’ agenda is paving the way for the future and the future for jobs in this country.

Implementation will remain at the top of Democrats’ priority list in months and years ahead. Democrats have a great story to tell the American people; now we’re putting in the work to make sure Americans know precisely, precisely, how our agenda is working for them.