America Competes Act Tackles Challenges

Floor Speech

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Mr. SCHRADER. Madam Speaker, I rise today in support of the America COMPETES Act of 2022.

This comprehensive bill tackles the challenges everyday Oregonians face right now with supply chain and consequent rising consumer prices. It is a huge investment in our competitiveness on the global stage for the 21st century. It invests $45 billion to strengthen and improve our supply chains while incentivizing manufacturing of critical security goods that should be made right here in the United States.

As the pandemic has shown us, active ingredients of lifesaving pharmaceuticals and PPE gear should not be all made overseas.

I am also glad that leadership included the $52 billion in emergency CHIPS Act funding, a priority for my Problem Solvers Caucus and the State of Oregon. Without this Federal investment, our semiconductor problems would only grow worse. We will continue to see critical shortages, hindering a wide range of industries in my district and across the Nation. Passage here will strengthen our domestic supply and lead to good-paying jobs for our citizens and companies as they move to expand and set up our domestic manufacturing facilities.

This bill contains bipartisan proposals to keep us innovating and creating in critical industries and makes sure that the United States is not at the mercy of a tenuous international supply chain.

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