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.
Read the full op-ed here.
- “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.”
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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.