Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor regarding the Conference Committee for jobs and competition legislation, which will help to bolster our economy and lower costs. Below are Senator Schumer’s remarks, which can also be viewed here:
Today, our bipartisan jobs and competition bill will take another important step forward when the Conference Committee holds its first public meeting.
The jobs and competition legislation is just what the doctor ordered to boost our economy, bring manufacturing jobs back home, and lower costs for American families. Many across the country want to see this bill done: a recent letter from over 240 state and local chambers of commerce called on Congress to act, citing its importance for critical technologies like semiconductors.
One economic analysis also found that enacting this bill would help add or preserve as many as three million jobs to the US economy. Three million jobs and it could be more as new innovations and new markets unlock new opportunities yet unknown.
There’s still a lot of work to do before we send this jobs bill to the President’s desk, and not everyone will get what they want. But even so, today’s first public meeting is a great step forward. The bill is a most worthy and important effort, one that will pay dividends for years to come.