Hoyer Floor Statement on America COMPETES Act

WASHINGTON, DC - Majority Leader Steny H. Hoyer (MD) spoke on the House Floor today in support of the America COMPETES Act. Below are his remarks as prepared for delivery:

"The America COMPETES Act expands support for research and development, helping the United States to remain the world’s innovation leader. It creates jobs for the short-term and lays a foundation for long-term prosperity. And it is an important part of the 'Make It In America' agenda—a series of important bills designed to help America regain its manufacturing strength.

"This bill establishes innovative technology federal loan guarantees for small- and medium-sized manufacturers. Those loans will help American businesses respond to the needs of a changing economy, increase productivity, and keep pace with overseas competitors.

"Further, the COMPETES Act makes important investments in science, technology, engineering, and math education, because helping our children excel in these fields is crucial to our economic competitiveness. Finally, this bill strengthens the crucial National Science Foundation, funds cutting-edge research in fields from computer science, to mathematics, to genomics.

"Federal support for research and innovation is one of the best investments we can make in our future. Federal support helped create GPS, the computer mouse, computer-aided design, and the Internet—and there’s no telling the ways in which it might shape our lives in the years to come. I urge my colleagues to boost American innovation by supporting this bill."

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