REP. FRANKEL STATEMENT ON PASSING THE AMERICA COMPETES ACT OF 2022

Press Release

Today, Congresswoman Lois Frankel (FL-21) released the following statement after the House passed the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength (America COMPETES) Act of 2022, a bold legislative package that makes transformational new investments in research, innovation, and manufacturing to fix supply chain issues and strengthen American global competitiveness.

"The America COMPETES Act is a big win for workers, businesses, and the American economy," said Rep. Frankel. "Building on our Bipartisan Infrastructure Law, this investment in domestic manufacturing advances the President's Make-it-in-America agenda to strengthen our supply chains, ease the burden of inflation, and super-charge American innovation to out-compete China and the rest of the world."

The America COMPETES Act of 2022 is a bold, comprehensive package to strengthen America's competitiveness, including:

Creating the CHIPS for America Fund: Includes $52 billion for CHIPS for America Act which will incentivize private-sector investments and continued American leadership in semiconductor fabrication and will help address supply chain disruptions and ensure that more semiconductors are produced here at home.
Strengthening the Supply Chain & American Manufacturing: Authorizes $45 billion to improve our nation's supply chains and strengthen our economy and national security by preventing shortages of critical goods and ensuring that more of these goods are made right here in the United States.
Advancing American Scientific Research, Technology & Innovation Excellence: Makes major new solutions-driven investments in every aspect of innovation and scientific research, making the kind of investments that will lead to breakthrough discoveries.
Securing America's Global Competitiveness & Leadership Through Economic Development; Diplomacy, Human Rights & Alliances: Includes numerous provisions to strengthen and promote America's leadership around the globe, including in such areas as investing in partnerships and alliances, investing in standing up for America's values, expanding our investments in diplomacy, and promoting human rights.
The bill passed the House by a vote of 222-210. A similar version of this bill has already passed the Senate. Now both pieces of legislation must be reconciled before heading to President Biden.

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