SCHUMER STATEMENT ON SENATE PASSAGE OF U.S. INNOVATION AND COMPETITION ACT

Following Senate passage of his bipartisan U.S. Innovation and Competition Act, which includes his Endless Frontier Act and a $52 billion investment for domestic semiconductor manufacturing and R&D that he has fought for as a top priority since June of last year to help further build New York as a global hub for the semiconductor industry, U.S. Senate Majority Leader Charles issued the following statement:

Senator Schumer said, “Today’s Senate passage of the bipartisan U.S. Innovation and Competition Act moves forward historic legislation to invest in science, technology, and U.S. manufacturing that will shore up critical industries like semiconductors, artificial intelligence, advanced communications like 5G, quantum computing, biotechnology, and advanced energy, and create opportunity to reshape the Upstate New York economy with investment in new regional tech hubs and support for New York entrepreneurs and research at universities and laboratories.”

Schumer added, “With its rare combination of a world-class workforce, advanced manufacturers, and renowned higher education institutions, I wrote and championed this legislation with Upstate New York always at the forefront of my mind. In the midst of one of the most consequential battles in our nation’s history, the U.S. Innovation and Competition Act, which includes my Endless Frontier Act as its centerpiece, lays the foundation for the next century of American economic leadership and preserves our competitive edge for generations to come, and I’ll continue to fight to put Upstate New York on the frontlines of that battle.” 

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