Legislation will bolster U.S. manufacturing, advance scientific innovation

WASHINGTON, D.C. – Today, Assistant Speaker of the U.S. House Katherine Clark (MA-5) voted for the CHIPS (Creating Helpful Incentives to Produce Semiconductors) & Science Act that will create 100,000 American jobs and lower costs for families. The legislation will help end the chips shortage that has driven up the price of cars and consumer goods. The bill will also end American dependence on foreign-made semiconductors and make significant investments in research and development, strengthening both our economy and national security. 187 Republicans voted against the job-creating bill.

“High costs are hurting families. The CHIPS & Science Act will ensure we have enough American-made semiconductors chips to help solve the production bottleneck that is driving up costs,” said Assistant Speaker Clark. “It will also improve our national security and boost our global competitiveness by investing in research and innovation here at home. This is about strengthening America’s economy in the short and long term on behalf of working families.”

The full text of the legislation can be found HERE.

The CHIPS & Science Act will:

  • Lower costs for American consumers – By making more critical semiconductor components in America, this bill will end the shortage of chips that has driven up the price of consumer goods. And, we will end our dangerous dependence on foreign manufacturers. 
    • $54 billion in grants for semiconductor manufacturing and research
  • Create 100,000 new good-paying jobs – With strong prevailing wage protections, the CHIPS & Science Act will create hi-tech manufacturing facilities here in America.
  • Turbocharge American R&D – Powering America’s preeminence in both basic research and next-generation technologies will ensure that the technologies of the future are made here in America:
    • $200 billion for federally backed scientific research over the next decade.
    • $1.5 billion for next-generation wireless research and new long-term policies for the American space program.
  • Diversify and expand the innovation workforce – Broadening the pool of brainpower and talent will allow us to embrace the full potential of our communities, helping to diversify our STEM workforce and advancing regional technology.