New Democrat Coalition Chair Calls for Swift Passage of Chips Act for America to Secure Supply Chains, Lower Costs, and Protect U.S. National and Economic Security
Today New Democrat Coalition (NDC) Chair Suzan DelBene (WA-01) called for swift passage of the Chips Act for America package in the Senate and House. Since December of last year, New Dems have pushed for passage of a bipartisan innovation bill and most recently urged action on this legislation as part of our Action Plan to Fight Inflation, a comprehensive policy roadmap to reduce prices and fight inflation in the short- and long- term. The Chips Act for America legislation will help fix our supply chains, lower costs for consumers, and help American companies better compete in the global economy.
Specifically, this bill will invest $52 billion in domestic chip production, strengthen research and development through the National Science Foundation, support regional tech hubs to create jobs and spur innovation in new parts of the country, diversify our STEM workforce, and expand access to American-made 5G technology.
Importantly, the bill also includes $1 billion for Chair Emeritus Derek Kilmer’s RECOMPETE pilot program to create lasting economic growth and jobs in persistently distressed communities, a key priority for the Coalition.
NDC Chair Suzan DelBene released the following statement:
“From the beginning, the New Democrat Coalition has led the charge on a bipartisan innovation bill that strengthens supply chains, spurs innovation, lowers costs for Americans, fights inflation, and ensures the U.S. leads the global economy. Delivering on this legislation remains a top priority for the Coalition, and that’s why we must pass the Chips Act for America through the Senate and House as soon as possible.
“Advancing the Chips Act for America will strengthen our national security, jumpstart the domestic chip industry, bolster U.S. advanced manufacturing jobs, and keep the U.S. competitive against aggressive rising powers like Russia and China. The U.S. cannot and should not rely on unstable, autocratic governments and non-market economies for critical supplies like semiconductors. Chip producers are making decisions right now on where to increase manufacturing, and if we don’t act soon, Americans will miss out on these jobs and opportunities.
“New Dems worked tirelessly to include $1 billion in funding for NDC Chair Emeritus Kilmer’s RECOMPETE pilot program, which will provide resources to persistently distressed communities to create good paying jobs and lasting economic growth. Passing the Chips Act for America is a core component of the New Democrat Coalition’s Action Plan to Fight Inflation, and we stand ready to deliver on these priorities.”
Moving forward, New Dems will continue pushing for policies to keep America competitive, including by passing legislation to reform our immigration laws, improve our education system, strengthen ties with our allies and close trading partners, and make additional improvements to secure global supply chains.
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