STATEMENT: KHANNA APPLAUDS INTRODUCTION OF THE AMERICA COMPETES ACT OF 2022

Washington, DC – Today, Congressman Ro Khanna (CA-17), Deputy Whip for the Congressional Progressive Caucus, released the following statement on the America COMPETES Act of 2022:

"The America COMPETES Act is a bold and ambitious bill that will invest in technology, create millions of jobs, and ensure we remain the world's leader in science and technology in the 21st century. We haven't seen this level of science and technology funding since the Cold War and this is the first time that there is a plan for distributing the benefits across the country.

I'm pleased to see that the bill includes key provisions inspired by the Endless Frontier Act that I introduced in the House last year with Majority Leader Schumer, Senator Young, and Rep. Gallagher. This will set us on the path to creating an economy that works for everyone while boosting our ability to compete against China. I look forward to its swift passage in the House."

Bill text can be found here. Rep. Khanna's priorities included in the bill are listed below:

• The establishment of the Directorate for Science and Engineering Solutions (SES), to accelerate basic research, commercialization, and innovation related to key technology areas with geostrategic implications for the United States.
• The creation of the CHIPS for America Fund, which includes $52 billion for CHIPS for America Act, which Rep. Khanna was an original cosponsor of, and will help address supply chain disruptions, reduce inflation, and ensure that more semiconductors are produced in America.
• The creation of a regional Technology and Innovation Hub Program and a competitive process to create at least 10 regional hubs in underserved communities.

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About the Office

Congressman Khanna represents the 17th District of California, which covers communities in Silicon Valley. Visit his website at khanna.house.gov. Follow him on Facebook, Instagram and Twitter @RepRoKhanna.