On the recordJuly 26, 2022
today we took another giant step on something that has been a lot harder than it should have been and could have been because it actually started last June when I rose before this body--June of 2021--to speak about the critical need to pass the U.S. Innovation and Competition Act, as it was known back then, USICA, in order to shore up U.S. investment in research and development and manufacturing of critical technologies. On this bill--a few name changes later, and, unfortunately, more than a year later--I rise again before this body to express my strong support for this revised CHIPS+ legislation--that we just cleared an important hurdle for over the last hour--and urge my colleagues to pass this bill as quickly as possible so we can get it out of the Senate, get it over to the House, and get it to the President's desk. We cannot afford to waste any more time because this funding sends a message that the United States is putting a strong down payment on maintaining our edge in the global technology race and preventing global supply chains from being weaponized against the United States or, for that matter, against our allies. Over the past few years, China has continued to increase investments in its domestic industries and, particularly, in areas that confer long-term strategic influence. This includes the semiconductor industry, which I have been particularly focused on over the past few years. Now, let me be clear.…





