ICYMI: REPUBLICAN & DEMOCRATIC GOVERNORS AGREE ON NEED TO BOOST U.S. SUPPLY CHAINS

Governors Phil Murphy (D-NJ) and Asa Hutchinson (R-AK) Support the Innovation & Competition Act

In Case You Missed It – Governors Phil Murphy (D-NJ) and Asa Hutchinson (R-AK) published a joint op-ed in CNN Business this week, emphasizing the need to pass bipartisan legislation that will boost U.S. competitiveness and spur domestic semiconductor manufacturing. The legislation, part of President Biden’s agenda, will boost the U.S. economy and ensure that the United States has more control over global semiconductor supply chains.

The Senate is currently negotiating the United States Innovation and Competition Act, while the House is preparing the America COMPETES Act.

Read the full op-ed here.

KEY QUOTES:

  • “Our reliance on foreign-made semiconductors is not only an issue of rising inflation and scarcity, but also our national security. Chips are used in everything from military weapons systems that keep us safe to equipment power plants, internet service providers and other areas of critical infrastructure. As governors, we are acutely aware of the struggles we face in recovering from this once-in-a-lifetime pandemic.”
  • “Currently, Congress is considering various pieces of legislation, including the bipartisan United States Innovation and Competition Act in the Senate and the America COMPETES Act in the House, to boost US competitiveness and spur domestic semiconductor manufacturing. Although we may disagree on specific provisions of these bills, we believe that Congress can overcome these hurdles largely through good-faith compromises.”
  • Focusing on domestic production is strong economic policy that will shore up our supply chains, bring down the cost of everyday products, decrease our reliance on China, and keep manufacturing facilities running. Our elected leaders in Washington must make American competitiveness — and its corresponding check on Chinese power — a priority. We urge them to unite on an agreement that spans both houses of Congress as well as ideologies across the spectrum — from the most conservative to the most progressive — and get a bill to President Biden’s desk.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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