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Rep. Frankel Statement on Congress Passage of Bill to Lower Costs & Power American Economic Independence

Washington, DC—Today, Congresswoman Lois Frankel (FL-21) released the following statement after the House voted to pass the CHIPS and Science Act, which will lower costs for American families, end our dependence on foreign -made semiconductors, and boost American research and development to ensure our economic and national security for generations to come.

“With families across the country feeling the pain of high prices, this bill is a step in the right direction,” said Rep. Frankel. “This bipartisan bill will end our dependence on foreign manufacturers of semiconductors—chips that power everything from our cars, TVs, smartphones, and household appliances—create tens of thousands of good-paying jobs right here in America, and train the next generation of the semiconductor workforce. Under this soon-to-be law, American manufactures will produce more, and American families will pay less.”  

Thanks to the strong leadership of House Democrats, the bipartisan CHIPS and Science Act:

  • Lowers costs for American consumers—for everything from cars to dishwashers—by making more critical semiconductor components in America, helping end the shortage of chips that have driven up the price of everything from cars to consumer goods.
  • Creates 100,000 new good-paying jobs building hi-tech manufacturing facilities here in America.
  • Ends our dangerous dependence on foreign manufacturers – bringing critical semiconductor manufacturing back to America instead of overseas where it can be threatened by our adversaries.
  • Boosts American research and development – powering America’s preeminence in both basic research and next-generation technologies and ensuring that the technologies of the future are made here in America.
  • Diversifies and expands the innovation workforce – broadening the pool of brainpower and talent so that we are embracing the full potential from all our communities.

The bill passed the House by a vote of 243-187 and now heads to the President’s desk for his signature.