Washington, DC—Today, Congresswoman Lucy McBath voted to pass H.R. 4521, the Bioeconomy Research and Development Act of 2021 (America COMPETES Act of 2022), a comprehensive, strategic economic package to help fix supply chains, make critical products in America, and strengthen the nation’s global competitiveness. It will ensure that America can outcompete any nation in the world, now and for decades to come. It passed the House on a bipartisan vote of 222-210.

“This bill is a vital down payment on our research and development, on strengthening our supply chains, and on the American-made production of the semiconductors that power our country, the innovations that lift our economy, and critical goods our nation needs to compete,” said McBath. “I was proud to vote for this bill today and support a strong path forward for American science, research, innovation, and technology.”

The bill, among its provisions, strengthens America’s competitiveness by:

• Creating the CHIPS for America Fund: Includes $52 billion for CHIPS for America Act which will incentivize private-sector investments and continued American leadership in semiconductor fabrication and will help address supply chain disruptions and ensure that more semiconductors are produced here at home.
• Strengthening the Supply Chain & American Manufacturing: Authorizes $45 billion to improve our nation’s supply chains and strengthen our economy and national security by preventing shortages of critical goods and ensuring that more of these goods are made right here in the United States.
• Advancing American Scientific Research, Technology & Innovation Excellence: Makes major new solutions-driven investments in every aspect of innovation and scientific research, making the kind of investments that will lead to breakthrough discoveries.
• Securing America’s Global Competitiveness & Leadership Through Economic Development; Diplomacy, Human Rights & Alliances: Includes numerous provisions to strengthen and promote America’s leadership around the globe, including in such areas as investing in partnerships and alliances, investing in standing up for America’s values, expanding our investments in diplomacy, and promoting human rights.

Section-by-section analysis and factsheets of the COMPETES Act can be found here.