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tv   U.S. Senate Senate Majority Leader Schumer on Computer Chip Industry Grants  CSPAN  July 27, 2022 7:10pm-7:20pm EDT

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keeping you had. >> media comp supports cspan's public service along these other television providers, giving you a front row seat to democracy. the senate today passed legislation that provides grants to the u.s. leadership industry, to better compete with china. in the final vote was 64 - 33 prayed and now has to the u.s. house for final approval and up next we will show you floor rems prior to passage of the bill. >> for the last century, the wholeness injury america's prosperity was anchored on a countries unmatched commitment to science, research, technological growth, innovation, advanced manufacturing and the question before the sentencings is simple, will that prosperity on in the centuries to come.n the centuries to are we on the brink of another
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generation of american ingenuity of america's discovery of american leadership, bypassing our chips in science bill today, the senate says yes, we are. and allowed a bipartisan voice and today, by approving one of the largest investments in science, technology and manufacturing in decades, in decades, we say that america's best years are yet to come. it's a very good day for the american people and for american innovation, legislation is going to create good paying jobs to alleviate supply chains and it will help lower costs minimal protect america's national security interest and i am confident that futureoo generations will look back on the passage of thisn bill is a turning point for american readership in the 21st century and i admit that some of the policies, not all the summer - but they are vital and all too
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often, government and businesses in short-term and this is one of the most significant pieces of long-term effect in thinking legislation that we have seen in the spotting a very long time anddr i believe that our grandchildren and our grandchildren's grandchildren will work in jobs we cannot yet imagine it because of the investments we are making here today right like the a infrastructure investment and jobs i can recent gun safety la, the chips in science bill is one of the major bipartisan achievements of this congress reaching this point was anything but easy. on the contrary, the legislation is been several years in the making and it took a lot of twists and turns before reaching the finish line at anna brought together industry and labor universities, governors, mayors from both parties and from every region and i think my colleagues and staff are pushing it over the line. in 2019 i reproached mike
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republican kelly, we talked in the gym that he was interested in the same types of investments that i was and i said, let's vote together legislation to revive america's commitment to science and innovation together we drafted the first version of the of us interact to build these policies that shape today's legislation. and later rejoin the senators coordinate and warner, to be getting interesting donations to christ by pushing for authorization of new federal chips as an incentive as part of the a baa and senator kelly of arizona, have been a major advocate for getting these chips programs done and even before this congress began, members on both sidesor knew tht we had to work together if we were to keep america competitive in the 21st century and we also knew that if we do not get there first, arrivals, amonge them the chinese communist party would likely be just to the punch and reshape the world and their authoritarianri image.
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a frightening prospect and a month after i became majority leader had directed the chair the members of aerobic community to start dropping legislative package, to compete china great new american jobs the endless frontier fact serving at the court of this effort then i also instructed them to draft legislation it to plug the dangerous holes in american semiconductor industry. i said to everyone, on both sides of the aisle that of both sides want to get up and abound the part of the senate later that spring and that is what happened in the overwhelmingly innovations and competition act of june of 2021. it took three weeks also debate in the amendments and just of the senate on work even on major difficult legislation is us have been an sooner were tremendous leaders in this effort had skillfully managed process and they deserve a great deal of praise, not only professing
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lester's bill both for their efforts this year as well the year later, legislation was passing today contains many of the critical investments and that bill. both bills making historic investments in science, and innovation in the original endless frontier and the bill that we are passing today, chips and plus science in both bills, make those p investments we will plant the seed of developing the tech hubs of tomorrow and places, great potential to which have been overshadowed with fight cities like san francisco or boston arrested new york city and the bill helped turn cities like flow in indianapolis into new centers forul integration ad the result will be countless new good paying jobs right future for those areas for years to come. both bills will help into to prices by offering tens of millions of dollars to encourage manufacturing and r&d and if anything, this year's version is stronger because of the itt
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provisions and it will create tens of thousands of high tech manufacturing and construction jobs and fromk, albany new yorko ngohio, and beyond and is goingo lower costs for cars and washing machines and so much more in the long run. because our chip shortage will be alleviated in both bills establish a national bill under foundation providing funding for the department of energy to achieve new breakthroughs in the technologies like ai and quantum computing a cybersecurity and renewable energy 5g and biotech and other discoveries yet unknown. and both bills provide funding to build wireless communication supply chains and this was top priority my colleague mark warner, i think him for his efforts in this regard in the bottom line is this, today's legislation is one of the largest investments in science,
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technology, had advanced manufacturing in decades. i know if course while bill contains many critical investments and chips in scientific research, there are the major proposals from both sides that are still works within the conference committee. that important work must continue and is my intention to but the conference committee and the floor in september after the work is complete. let me be clear that today is a very good day for the working people for the future of our country lovely family went signed into law this bill will reawaken the spirit of discovery and innovation and optimism of the main america the envy of the world and will continue to do so because of the investments we are approving today, america will be the place for the next transformational breakthroughs industry and science, or failed. nearly 80 years ago, doctor bush, that of the u.s. office of scientific research, wrote in a
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report to president truman that without scientificpr progress, o amount of achievements in other directions, h can ensure health prosperity and security, in the modern world. in the name of that report, it was called science, the endless frontier, the inspiration for much of the work is dedicated to passing this bill we dedicated to passing this bill today and in the wake of doctor bush's report, we created the national science foundation, funded the national energy laboratory and with the adams licensing and amanda blown in the mood no internet regenerated decades of american prosperity in boston and a sense of optimism in the american spirit, today, we face the great task of renewing and strengthening the legacy mineral appears competition and is no longer
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