Today, North Carolina U.S. Senate candidate Ted Budd joined Missouri Senate candidates Billy Long and Vicky Hartzler — plus nearly every other U.S. House Republican — in voting against the America COMPETES Act, a “bill aimed at making the U.S. more economically competitive with China” by investing in research, workers, and domestic manufacturing.
According to CNN, the bill “addresses pressing economic issues […] including supply chain disruptions and a global shortage of semiconductor chips, which are essential for the production of smartphones, medical equipment and cars. Additionally, the bill calls for a number of changes to US trade rules, aiming to level the playing field for American businesses and combat China’s market-distorting trade practices.”
Perhaps most critically, the bill would “set aside billions of dollars to bolster research and manufacturing” in the United States, including by injecting “$52 billion over five years to boost semiconductor research, design and manufacturing,” helping American workers and manufacturers to fill the gap in the still-ongoing global chip shortage.
“Just months after voting against the bipartisan infrastructure and jobs law and the Build Back Better Act to boost American workers, job creation, and domestic manufacturing economies, Ted Budd, Billy Long, and Vicky Hartzler are once again putting partisan politics ahead of supporting American workers, manufacturers, economic growth, and global competitiveness,” said Brad Bainum, American Bridge 21st Century spokesperson.
Read the coverage:
USA Today: House passes COMPETES Act bill aimed at boosting US competitiveness with China
Wall Street Journal: House Approves $350 Billion ‘America Competes Act’
Fox News: House passes American COMPETES Act to counter Chinese manufacturing
Axios: House passes China competition bill
NPR: U.S. House passes bill to bolster competition
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Published: Feb 4, 2022 | Last Modified: Feb 9, 2022