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Schumer, Pelosi Joint Statement on Bicameral Agreement to Conference the Senate-Passed United States Innovation and Competition Act

Washington, D.C. – Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi issued the following statement on the bicameral agreement to conference the Senate-passed United States Innovation and Competition Act (USICA):

“Today, we are pleased to announce that we have reached an agreement for the House and Senate to go to conference on the United States Innovation and Competition Act.  Working with President Biden, the House and Senate have been crafting bipartisan legislation to bolster American manufacturing, fix our supply chains, and invest in the next generation of cutting-edge technology research.  While there are many areas of agreement on these legislative proposals between the two chambers, there are still a number of important unresolved issues.  After Senate Republicans made it clear they would block the inclusion of USICA on the NDAA, we have decided that the best way to get an agreement will be through the conference process.  Therefore, the House and Senate will immediately begin a bipartisan process of reconciling the two chambers’ legislative proposals so that we can deliver a final piece of legislation to the President’s desk as soon as possible.”