Statement on House of Representatives Passage of the America COMPETES Act of 2022
The House took a critical vote today for stronger supply chains and lower prices, for more manufacturing—and good manufacturing jobs—right here in America, and for outcompeting China and the rest of the world in the 21st century. I applaud Speaker Pelosi, Majority Leader Hoyer, Whip Clyburn, and Chairwoman Eddie Bernice Johnson for their leadership in getting this done.
Business and labor alike have praised this legislation as vital for continuing the economic momentum we've seen over the last year, and national security leaders from both parties have said that the investments in this bill are needed if we want to maintain our competitive edge globally. This bill was built on numerous bipartisan elements and on shared bipartisan agreement on the need to act. If House Republicans are serious about lowering prices, making our economy stronger, and competing with China from a position of strength, then they should come to the table and support this legislation, which does just that.
I look forward to the House and Senate quickly coming together to find a path forward and putting a bill on my desk as soon as possible for my signature. America can't afford to wait.
NOTE: The statement referred to Rep. Eddie Bernice Johnson, in her capacity as chair of the House Committee on Science, Space, and Technology. It also referred to H.R. 4521.
Joseph R. Biden, Statement on House of Representatives Passage of the America COMPETES Act of 2022 Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/354398