GOODLATTE INTRODUCES INNOVATION LEGISLATION
Washington, DC: Rep. Bob Goodlatte, Chairman of the House Republican High-Tech Working Group (HTWG), today was joined by the House Republican Leadership, including Speaker Dennis Hastert, to announce the introduction of legislation that will better prepare and develop workers for the global economy and remove government barriers that stifle innovation.
Throughout our history, America has stood for innovation. We have pioneered the majority of the technology that we now consider fundamental to our modern lifestyle and it is vitally important to the prosperity of our country.
"I am pleased to introduce the Innovation and Competitiveness Act which will promote and expand critical research and development, improve math and science education in order to increase America's talent pool, reduce overly burdensome red tape by creating opportunities for economic growth and innovation, promote health information technology, and end abuse of the legal system," said Rep. Goodlatte.
With today's rapid spread of knowledge, competition has sprung up around the globe. Today, foreign companies and foreign-born inventors account for nearly half of all U.S. patents. By 2010, more than 90 percent of all scientists and engineers could be living in Asia. Current 12th grade students perform below the international average on general tests of math and science, and the number of engineering degrees awarded in the U.S. has declined by 20 percent since 1985. This is a major challenge but America must keep pace by ensuring we have a skilled workforce that can compete with any other in the world.
"Today, America is the world leader in innovation," continued Rep. Goodlatte. "However, to ensure that America remains the world leader, we must again take a hard look at our policies to make sure that they still encourage inventors to create and businesses to grow and expand."
"Today, Chairman Goodlatte builds on his record of success with the introduction of the Innovation and Competitiveness Act," said Speaker Dennis Hastert. "This Act contains a number of important provisions that will help strengthen our economy and foster greater prosperity for all Americans."
The Innovation and Competitiveness Act promotes research and development so that American businesses have the tools to stay competitive in a changing and expanding global marketplace. We must ensure a dynamic environment that spurs innovation products and better services, creates high-wage American jobs, and promotes a vibrant economy.
This legislation also works to increase America's talent pool. American students need to know our nation rewards and values the achievements of future generations of scientists and researchers. Continued investment in these young men and women will lead to the next groundbreaking discoveries. A smarter, faster and more efficient America depends upon our dedication and support.
The Innovation and Competitiveness Act reduces red tape and creates an innovation environment. Facilitating vibrant online commerce is essential for American businesses to remain competitive across the country and around the world. It is important to eliminate cumbersome regulations, tear down barriers to healthy competition and prevent stifling taxation.
Additionally, this legislation reforms our legal system in order to protect innocent citizens and companies who continue to face abuses from the tort system and creates and expands incentives for access and efficiency in health care. Breakthrough innovations in health care are occurring every day - not just in research labs and hospitals, but in technology that saves lives and reduces costs for patients and businesses. We must take advantage of emerging technologies, such as an interoperable health information network, that make their work seamless, accurate and efficient.
"The Innovation and Competitiveness Act is a comprehensive piece of legislation to get Congress engaged in the business of promoting innovation in America by creating additional incentives for private individuals and businesses to create and rollout new products and services so that America will remain the world leader in innovation," said Goodlatte. "This legislation also recognizes that government sometimes is the problem - not the answer to the problem - so it also addresses government-imposed hurdles to innovation."