Congressman Phil Hare (D-IL) today supported three important bills aimed at reviving the U.S. manufacturing base.
The National Manufacturing Strategy Act requires the President to submit a plan to grow our manufacturing sector every four years. The Energy Technology Manufacturing and Export Assistance Act would help our green tech industry compete and sell their products at home and abroad. Finally, the End the Trade Deficit Act would ensure we no longer import more than we export.
These bills are part of the House Democrats' "Make it in America" initiative, an ongoing campaign to restore America's manufacturing base, create jobs, and lay the foundation for a strong economy.
With this goal in mind, Hare introduced the Security in Energy and Manufacturing (SEAM) Act in April. The SEAM Act would supplement the already successful Advanced Energy Manufacturing Tax Credit program which gives companies an incentive to open up their manufacturing facilities in the U.S. The SEAM Act would allocate an additional $5 billion to attract manufacturing to our shores, and would allow the Department of Treasury to issue grants, which are quicker and more transparent than tax credits. The SEAM Act also amends the original program to prioritize facilities that manufacture--rather than just assemble--clean energy components to ensure that the most manufacturing jobs and technology will be created in the U.S.
"With countries around the world buying tens of billions of dollars worth of wind turbines and solar panels, clean energy manufacturing is our ticket out of the economic doldrums; it's our turn to start selling things to China and India," Hare said. "I have seen industry pack their things and leave Illinois for too long. That's why I authored the Security in Energy and Manufacturing Act."
The House is expected to consider the SEAM Act in September during the next installment of "Make it in America."