WASHINGTON – U.S. Sen. Jeanne Shaheen (D-NH) – Chair of the Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies – released the following statement today after the Senate passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022. The historic legislation develops U.S. policy to address strategic, economic and diplomatic tools for a global strategy that will allow the United States to confront the challenges that China poses to the United States. The comprehensive package invests in scientific research and microchips that are key to the economy and military, as well as strengthens domestic manufacturing and the supply chain.

“Semiconductors are core to our daily lives and run everything from cars to refrigerators. Our failure to produce semiconductors at home is a threat to both our economy and national security, which is why this bipartisan bill is needed more than ever. The Senate’s passage of this key legislation sets our nation on a path to success while creating good-paying jobs at home, lowering costs on items Americans use every day, combating China’s unfair economic manipulation and investing in innovation to ensure we continue to be a global leader,” said Shaheen. “This bill also includes provisions I authored to enhance STEM education so we’re building a more competitive workforce to succeed in the 21st century economy. I’m proud to support legislation that sends an unmistakable message that America will remain competitive on the global stage economically and militarily. Time is of the essence, and I look forward to swift passage of this legislation by the House so we can get this bill to the President’s desk.”