Trone Votes for CHIPS and Science Act, Sends Investments in American Manufacturing and Job Creation to President Biden’s Desk
FOR IMMEDIATE RELEASE
July 28, 2022
Contact: Sasha Galbreath, Sasha.Galbreath@mail.house.gov
Trone Votes for CHIPS and Science Act, Sends Investments in American Manufacturing and Job Creation to President Biden’s Desk
WASHINGTON, D.C. — Today, Congressman Trone (D-MD) voted for H.R. 4346, The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS) and Science Act. This legislation makes historic investments to increase production of American-made semiconductors, tackle supply chain vulnerabilities, bolster America’s scientific research and technological leadership, and strengthen America’s economic and national security.
Overall, the bill invests $280 billion to boost funding for domestic chip production and includes millions of dollars of funding authorizations for organizations such as the National Institute of Standards and Technology (NIST), located in Maryland’s Sixth District, which will receive $9 billion in funding authorizations to expand its facilities.
The U.S. share of modern global semiconductor manufacturing capacity has declined from 37% in 1990 to only 12% today. Semiconductor chips are vital to the operation of everything from our national defense, such as javelin missiles, to everyday items like washing machines.
“For decades, our nation’s technology hubs have gone underfunded, leading to a dangerous overdependence on foreign nations for critical goods. Without a doubt, the shortage of chips has only exacerbated the inflation felt by Americans,” said Congressman Trone. “Today, the House voted to put people over politics, deliver for our communities, and pass this legislation. The CHIPS and Science Act will invest in America’s ability to remain competitive for generations to come.”
The CHIPS for America Act is a powerful bipartisan investment that will:
- Lower costs for American consumers – by making more critical semiconductor components in America, helping end the shortage of chips that have driven up the price of everything from cars to consumer goods.
- Diversify and expand our workforce – helping to diversify our STEM workforce and advancing regional technology hubs to ensure communities across the country can help in American research and development.
- Deliver hundreds of thousands of good-paying jobs – creates strong job-building, advanced-technology manufacturing facilities here in America.
- Bolster U.S. space exploration and research initiatives – includes authorized funds for NASA advancements in space technology, the Artemis IV lunar missions, and the International Space Station.
- Strengthen research and development – power America’s competitiveness in both basic research and next-generation technologies through investments in the National Science Foundation, the Department of Energy, and the National Institute of Standards and Technology.
For more information on funding, click here.
Congressman David Trone was elected to the House of Representatives in November 2018 to serve the 6th District of Maryland, which includes all or part of Montgomery, Frederick, Washington, Allegany, and Garrett Counties. Trone serves on the Appropriations, Veterans’ Affairs, and Joint Economic Committees. In Congress, Trone is fighting to make progress on issues that matter to Marylanders, including the mental health and addiction crises, criminal justice reform, and funding for medical research.
Follow Congressman Trone at @RepDavidTrone for updates on Twitter, Facebook, and Instagram.
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