Manufacturers: the CHIPS-Plus law will give a powerful boost to the competitiveness of manufacturers
washington d.c. – Following the Senate’s passage of the CHIPS-Plus Act, National Association of Manufacturers President and CEO Jay Timmons issued the following statement:
“The CHIPS-Plus Act will provide a powerful boost to manufacturers’ competitiveness. Manufacturers in all industries depend on access to chips. This bill will therefore help strengthen America’s supply chains through its investments in domestic semiconductor production, as well as its funding of STEM workforce support programs, technology development advances, extraction of critical minerals, clean energy and more. Manufacturers have worked with lawmakers for more than a year to advance many provisions of this bill, and we urge the House to pass it as soon as possible and get it to President Biden’s office.
“However, CHIPS-Plus should only be the start. We will continue to advocate for the policies needed to counter economic headwinds such as inflation and supply chain disruption. And we will work with Congress to act quickly on the policies of the US Innovation and Competition Act and the US COMPETES Act that have been excluded from CHIPS-Plus, such as anti-counterfeiting measures, important provisions and new investments in Supply Chain Resilience and Workforce Development.
“It is encouraging to see this Congress come together again in a bipartisan fashion to make critical investments in the competitiveness of our industry and the future of our country. Manufacturers are eager to take advantage of these advancements. This legislation and future Chinese competition legislation will help us innovate, create jobs, grow our domestic business, and grow the US economy for years to come.
The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in all industry sectors and in all 50 states. The manufacturing sector employs more than 12.8 million men and women, contributes $2.77 trillion annually to the US economy, and accounts for 58% of private sector research and development. NAM is the powerful voice of the manufacturing community and the primary advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about NAM or to follow us on Twitter and Facebook, please visit www.nam.org