Zoe Lofgren: “I thank Chairwoman Johnson and House leadership for finding a path forward on this important bill. I am so pleased to…”

“I thank Chairwoman Johnson and House leadership for finding a path forward on this important bill. I am so pleased to see renewed enthusiasm for Federal scientific investment under this administration and in this Congress. The investments contained in the bill could hardly be more urgent. Over the past few decades, Federal investment in research and development has flatlined as a share of the overall U.S. economy. Meanwhile, our global competitors are jump-starting innovation and economic growth by accelerating investment. Without action, they will soon outpace us. America needs to improve the speed and scale of scientific research while promoting innovative solutions. This is a matter of national security. Members of the House Science, Space, and Technology Committee have worked hard to advance bipartisan innovation bills included in this package as strong counterparts to the Senate-passed U.S. Innovation and Competition Act. The proposals offer a strategic and sustainable plan to grow American science, innovation, and technology to ensure our investments are aligned with the best interests of our scientific enterprise and builds on successful prior efforts. It includes provisions to diversify our workforce. Additionally, to firmly establish the U.S. as a global leader in innovation and to compete for generations to come, we must build our domestic STEM workforce and encourage startup companies to establish roots here.…”