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Mr. DEUTCH. Mr. Speaker, I rise in strong support of this legislation, and I yield myself such time as I may consume.
Mr. Speaker, the Clean Energy Technology Manufacturing and Export Assistance Act, H.R. 5156, will help American companies develop, manufacture, and export clean and renewable energy technologies around the world. Most importantly, this bill will help create high quality jobs for American workers.
The bill establishes a fund in the Department of Commerce to promote policies that reduce costs and encourage innovation and investment in the clean energy industry. The fund, which focuses on small- and medium-sized businesses, will also help American companies target foreign markets for exports. This will help us meet the President's goal of doubling American exports over the next 5 years.
Finally, H.R. 5156 would give businesses the opportunity to provide their own voice and input into U.S. manufacturing and trade policies. As President Obama remarked last month, the transition to clean energy has the potential to grow our economy and create millions of jobs as we move out of this recession.
Despite a global decrease in clean energy investments last year, the United States continued to increase investments in this sector. For the second consecutive year, the United States added more power capacity from renewable energy, solar and wind, for example, than from conventional energy sources. But the United States still trails Germany and China in renewable energy investments. This important legislation will help eliminate this gap by harnessing the creativity and innovation of American entrepreneurs and making the United States more competitive in a global market that reached over $160 billion last year.
Mr. Speaker, this bill will help create high quality jobs for American workers. I would like to thank my friend and colleague from California (Ms. Matsui) for authoring this legislation, and I urge my colleagues to support this important legislation.
Mr. Speaker, I reserve the balance of my time.
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