On the recordMay 13, 2010
Today, the House of Representatives will take a significant step towards advancing American innovation and strengthening American competitiveness with the America COMPETES Act. This bipartisan proposal will expand public-private collaboration, assist industry and manufacturers, improve science and mathematics education, and create new, good-paying jobs. It accomplishes this by continuing the Department of Energy's Advanced Research Projects, devoted to next-generation energy research and development projects; providing loan guarantees for small- and medium-sized manufacturers to enable them to access capital and become more efficient; and by promoting more research and development initiatives. This bill is supported by more than 750 businesses and academic organizations, including the U.S. Chamber of Commerce, the National Association of Manufacturers, National Venture Capital Association, and the Biotech Industry Organization. This continuing initiative is part of the Democratic solution to promote innovation and new technology in both older and new industries, prepare a skilled workforce, enhance our economic competitiveness, and build a strong 21st century national economy.
