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Schumer Statement On House Passage Of The America COMPETES Act Of 2022

New York, N.Y. — Senate Majority Leader Chuck Schumer (D-NY) released the following statement regarding today’s House vote on the America COMPETES Act of 2022:

“Two things Americans are demanding are lower costs and bringing jobs back from overseas, and a strong competitiveness bill will deliver on both. Congress is now one step closer to delivering big, bold, bipartisan action to boost American jobs and American microchip manufacturing and strengthening supply chains so we can compete with countries across the globe, like China, lower costs for American families and invest in our future. I look forward to a bicameral conference process that builds on the broad bipartisan support of the Senate-passed U.S. Innovation and Competition Act to supercharge microchip manufacturing here in America, to fix broken and strained supply chains, and invest in the innovation needed to ensure the critical products of today and tomorrow are made in America. We have no time to waste.”