Rep. Neguse Votes to Pass the CHIPS and Science Act
After months-long negotiations between the House & Senate, the bill will make tremendous strides toward lowering costs for working families and reigniting American competition.
Washington, D.C. — Yesterday, Congressman Joe Neguse voted to pass H.R. 4346, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. The bill is a bold, bipartisan legislative package that focuses on strengthening our economic and national security, sparking semiconductor innovation and manufacturing, removing roadblocks to attract scientific investment across America, and boosting resilience in U.S. supply chains.
Only twelve percent of semiconductor chips are manufactured domestically, a substantial decline from the thirty-seven percent rate in the 1990s. The CHIPS Act will return the U.S. to its status as a world leader in the semiconductor industry and invest in onshore economic and national security systems.
“With the passage of the CHIPS and Science Act, we will ensure that America remains the global leader in science and innovation while lowering prices and strengthening our competitiveness,” said Congressman Neguse. “At home in Colorado, the CHIPS and Science Act will create good, well-paying jobs – bolstering our growing manufacturing sector and supporting small businesses across our district. This legislation will also propel solutions for the climate crisis – providing vital funding for key research institutions.”
The CHIPS Act includes more than $52 billion for the CHIPS for America Fund to support manufacturers in building, modernizing, and expanding domestic facilities and equipment for semiconductor fabrication, assembly, testing, advanced packaging, research, and development. It also provides $2 billion for legacy semiconductors, $2 billion for the CHIPS for America’s Defense Fund to be used for microelectronic research and development at the Defense Department, and $500 million for the CHIPS for America International Technology Security and Innovation Fund.
Additionally, the bill invests in expanding broadband access by allocating $1.5 billion for Public Wireless Supply Chain Innovation (ORAN). In December, Neguse introduced the Reforming Broadband Connectivity Act, a bill that would provide similar services as those included in CHIPS – expanding universal access to broadband and other telecommunications services so that everyone can participate in the 21st Century Economy.
The CHIPS and Science Act make robust investments in science and technology for American consumers and workers by:
Strengthening research and development through the National Science Foundation, the Department of Energy, and the National Institute of Standards and Technology, which will power America’s preeminence in both basic research and next-generation technologies.
Advancing regional technology hubs to ensure that communities across the country can participate in research and development.
Diversifying our STEM workforce to be inclusive so that our nation’s brightest minds are helping drive American innovation.
$1 billion RECOMPETES grant program for persistently distressed communities, creating good-paying jobs meeting local economic development needs.
Bolstering U.S. space exploration and research initiatives, including authorized funds for NASA advancements in space technology, the Artemis IV lunar missions, and the International Space Station.
Investing in premiere science agencies, including NSF, NOAA, NIST, and DOE as they work to prevent and mitigate the growing impacts of climate change.
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