Majority Leader Schumer Floor Remarks On Moving Forward With The U.S. Innovation And Competition Act

May 20, 2021

Washington, D.C.   Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor regarding Senate progress on the U.S. Innovation and Competition Act to make sure America maintains our position as the global economic leader in the 21st century. Below are Senator Schumer’s remarks, which can also be viewed here:

The Senate continues to make great progress on the modified Endless Frontier Act – now called the U.S. Innovation and Competition Act.

Yesterday, we considered two amendments and added one of them to the bill, a bipartisan amendment led by Senators Hirono and Tillis. Today, we’ll consider another two amendments.

As my colleagues know, the bill itself is the product of at least 6 Senate Committees, and already includes input from nearly every member of the Senate. And, as promised, we are working in a bipartisan way, in a much more open way than the Senate used to act—to allow amendments and have debate.

This is an issue where our two parties are working together with a great deal of cooperation. Down to a member, I believe we all want to see the United States maintain its position as the global economic leader in the 21st century. We all want to see America stay number one in science and technology. It’s so important. For jobs. For our economic security. For our national security.

We have an extraordinary opportunity to set our country on the path to out-innovate, out-produce, and out-compete the world in the industries of the future.

Let’s keep working, and deliver a strong bipartisan result by the end of next week.