Young Statement on CHIPS and Science Act Being Signed Into Law
WASHINGTON –– U.S. Senator Todd Young (R-Ind.) issued the following statement after attending the White House ceremony at which President Joe Biden signed into law the China competitiveness legislationSenator Young helped author:
“Today, America goes on offense against the Chinese Communist Party,” said Senator Young. “We have a national security imperative to ensure we don’t fall behind China in technological innovation, and getting this legislation enacted into law will help ensure America’s global leadership role in science and technology. The Chinese Communist Party actively lobbied against this legislation because they know this bill is bad for China and good for the United States. History will show that by enacting this legislation into law, we are confronting the challenges of today and building a more prosperous and secure tomorrow for all Americans.”
The legislation passed the Senate on July 27 and passed the House of Representatives on July 28. Senator Youngfirst introduced the legislation in 2020and has been working to pass it since then.
During Senate debate on the legislation, Senator Young spoke on the Senate floor about its importance. To view his full remarks, click here.
Final legislative text is available here, in addition to summaries for the CHIPS and ORAN section, the research and science section, and the energy section. Key provisions from Senator Young’s original Endless Frontier Actwere maintained in the final version of this bill, including national security investments in key technology areas and the establishment of regional technology hubs.
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