Congressman Veasey (TX-33) Votes to Pass the America COMPETES Act

WASHINGTON – Today, Congressman Veasey (TX-33) joined his colleagues to pass the America COMPETES Act, a bold and transformative legislative package to supercharge American production of semiconductor chips, strengthen U.S. supply chains and American manufacturing, advance U.S. scientific excellence and research and position American interest and values to win on the world stage. This package will ensure that America can outcompete any nation in the world, now and for decades to come.

"With the passage of the America COMPETES Act, House Democrats are taking action to ensure that America is pre-eminent in manufacturing and economic strength in the world," said Congressman Veasey (TX-33). "For generations, the United States has been a beacon of excellence in scientific advancement, leading the way forward for the entire world. Now, that advantage is being challenged on the world stage with families in Texas paying the price. COMPETES bolsters the economic security of our country and the financial security of our families – ensuring that America will continue leading in this century and for years to come."

The America COMPETES Act includes bold, smart and strategic investments to power the success of America's workers, businesses and economy – based on bipartisan bills, many of which have already passed the House with bipartisan support – including:

• Supercharging investments in semiconductor chips: with $52 billion to support U.S. production of semiconductors — a key component in consumer electronics, cars, defense systems and other key products — address supply chain disruptions that push up costs for families, bring back chips production to America and ensure that the U.S. leads the way on semiconductor fabrication.
• Strengthening supply chains and manufacturing at home: with $45 billion to support the manufacture and acquisition of critical goods or industrial equipment that are essential for national security and economic vitality – including public health and biological preparedness, information and communications technology, the energy and transportation sector's industrial base, and agricultural commodities and food product supply chains. COMPETES reduces our reliance on critical goods from countries of concern and encourages the relocation of manufacturing facilities out of these countries.
• Advancing American scientific research and innovation excellence: ensures that we lead the technologies of the future with a suite of bipartisan science, research and technology bills to turbocharge American innovation, focused squarely on producing solutions and results. COMPETES also maximizes the American talent pool by strengthening and diversifying our nation's STEM workforce.
• Promoting U.S. global leadership: positions the interests and values of the United States, not China, to win on the world stage, including with strong action to hold the PRC accountable for its trade abuses, which hurt U.S. workers, and for its human rights violations, including the genocide against the Uyghurs.

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