Industry associations recently commended President Joe Biden’s signing of the CHIPS and Science Act into Law. Here are a few statements from them on how this law will affect manufacturers:
(NECA) WASHINGTON, D.C. — David Long, CEO of the National Electrical Contractors Association (NECA), issued the following statement as President Biden signed the CHIPS and Science Act into law:
On behalf of our 4,000 contractors across America, NECA has supported the push for bipartisan legislation that provides the investment and resources to help America’s domestic manufacturing capabilities for economic growth. I would like to thank Majority Leader Schumer, Minority Leader McConnell, Speaker Pelosi, and all the members of Congress who worked in a bipartisan fashion to prioritize America’s future. This legislation will create new job opportunities for our contractors and their employees and will ensure our nation’s economic competitiveness.
NECA applauds President Biden for signing the CHIPS and Science Act into law. Over the past year, NECA has been working with the Biden Administration and members of Congress to invest in America’s economic growth, national security, and supply chain reinforcement to maintain U.S. global competitiveness.
NECA contractors are ready to go to work with its partners to build America’s newest innovation of semiconductor chips and manufacturing plants in America. NECA applauds President Biden for signing this critical legislation into law today.
(NEMA) ARLINGTON, Va. — National Electrical Manufacturers Association (NEMA) President and CEO Debra Phillips issued the following statement upon President Biden’s signing of the 2022 CHIPS and Science Act:
The CHIPS legislation signed by President Biden marks another huge step in advancing our domestic capabilities to produce semiconductors, which should provide the electroindustry much-needed chips amid a severe global shortage.
America has long been hailed as both a beacon of innovation and stronghold of manufacturing—and the electroindustry is leading the new, U.S. manufacturing renaissance. The CHIPS Act will help enable the electrification of our economy by solidifying our semiconductor supply chain.
NEMA thanks the bipartisan members of Congress and President Biden for recognizing the critical importance of semiconductors to the electroindustry in the United States, which will help carve a path forward for America’s technological capabilities to continue to stand as the best in the world.
(NAM) WASHINGTON, D.C. – Following President Biden’s signing of the CHIPS and Science Act of 2022, National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement:
Every manufacturer in America will benefit from the CHIPS and Science Act, whether they make chips, make products that require chips or are part of a supply chain disrupted by the semiconductor shortage.
Manufacturers thank congressional leaders from both parties who got this bill across the finish line and President Biden and Secretary Raimondo for their leadership. The industry will also benefit from the new law’s funding for programs to support the STEM workforce, advanced technology development, excavation of critical minerals, clean energy and more.
Without a doubt, this legislation boosts manufacturers’ competitiveness. But there’s work to be done. Congress must continue its work on China competition legislation and move forward on policies from the U.S. Innovation and Competition Act and the America COMPETES Act that were left out, such as anti-counterfeiting measures, important trade provisions and further investments in supply chain resilience and workforce development.
Our economic future and America’s leadership in the world depend on a competitive manufacturing industry. Congress has acted wisely with the CHIPS and Science Act. Now we need Congress to continue standing with manufacturers and focus on policies that will help us compete with China and other countries, not make it more expensive to make things in America.
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