On the recordJuly 11, 2022
Madam President, during the immediate past recess, the bipartisan conference committee negotiations over the U.S. Innovation and Competition Act, otherwise known as USICA, have officially come to a screeching halt. It has been more than a year since the Senate actually passed this bill--more than a year. Eight months later, House Democrats passed their own partisan bill, which looked more like the failed ``Build Back Broke'' agenda, rather than a serious attempt to protect our national security by countering the Chinese threat. And earlier this summer, a conference committee was appointed and began negotiating a compromise bill that would finally fund the CHIPS Act and make other critical investments in our national security and competitiveness. Of course, the CHIPS Act was designed to try to bring back on shore American manufacturing of advanced semiconductors, which I will talk more about in a moment. But with the CHIPS funding on the five-yard line, the majority leader, the Senator from New York, has tossed a grenade into the end zone. And why would you possibly jeopardize such an important national security priority? Apparently, so Democrats can try to, yet again, pass their unpopular social welfare bill that doesn't even appear to have universal Democratic support.…





