U.S. Rep. Ron Kind today voted for significant investments in science, education and innovation in an effort to spur job growth and ensure America's economic competitiveness. The bipartisan America COMPETES Reauthorization Act of 2010, H.R. 5116, which passed the Senate by unanimous consent on Friday, and passed the House today, will strengthen U.S. scientific and technological leadership, support employers, and create jobs through investments in science, innovation, and education.
"The America COMPETES Reauthorization Act is an important investment in our long-term economic future and will help make sure our country remains the most innovative and creative country in the world. Not only will it strengthen science, technology, engineering, and math education, creating the next generation of scientists and entrepreneurs, but it supports basic research and helps foster innovation and creativity in our workforce--all of which are crucial to creating the jobs of the future and ensuring our nation can be a leader in a global economy."
The America COMPETES Reauthorization Act supports science and innovation to strengthen American competitiveness in a 21st century global economy.
The bill creates jobs and supports manufacturers and industry by authorizing programs like Innovative Technology Federal Loan Guarantees to address the immediate need of small- and medium-sized manufacturers to access capital to become more efficient and stay competitive.
This bill fosters innovation by keeping our nation on a path to double funding for basic scientific research and establishing a clean energy manufacturing and construction initiative that will create clean energy jobs, promote sustainability in manufacturing and bolster energy performance in buildings.
The bill expands and strengthens STEM (Science, Technology, Engineering and Mathematics) education programs to prepare students for the high-paying, highly-technical jobs of the future. It provides scholarships to train students for secondary education careers in STEM fields, provides grants to increase the number and quality of students receiving degrees, improves STEM learning outcomes for all students by recruiting highly STEM teachers; and works to increase participation in STEM fields by women and minorities to strengthen and diversify the workforce.
"This bill is an effort to bring our economy to the next level, create the jobs of the future - and prepare us for those jobs -- that's what economic competitiveness and stability is all about," said Rep. Kind. "It will create and retain good jobs for Wisconsin and ensure a brighter future for our children."
This bill is a fiscally responsible. Since it is vital to our nation's scientific and economic competitiveness, the Bowles-Simpson deficit commission singled out basic scientific research as a long-term gain for our nation's budget.