On the recordMay 18, 2021
I am going to speak on this amendment for a minute, then we will move to the motion to discharge Kristen Clarke. Mr. President, I have just filed a substitute amendment to the Endless Frontier Act that will pull together bipartisan legislation from across the Senate committees into a single comprehensive bill to restore America's competitive edge. This new bill will be called the U.S. Innovation and Competition Act, and it will include bipartisan legislation from the Foreign Relations Committee to strengthen our alliances and hold China accountable for predatory trade practices; bipartisan legislation from the Homeland Security committee to invest in AI, cyber security, and policies to make sure American taxpayer money is used to buy American products; bipartisan legislation from the HELP Committee to protect our research and invest in STEM; bipartisan legislation from the Judiciary Committee to bolster antitrust enforcement; bipartisan legislation from Banking to sanction predatory behavior from the Chinese Communist Party. And, very importantly, the substitute amendment will now include a historic $52 billion investment to make sure the United States stays on the cutting edge of chip production--semiconductor chip production--which is essential for this country's economy, including our auto industry, our tech industry, and our military.…





