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President Signs Into Law Senator Hassan, Colleagues’ Bipartisan Bill to Lower Costs, Invest in American Manufacturing, and Outcompete China

WASHINGTON – President Biden signed into law Senator Maggie Hassan and colleagues’ bipartisan CHIPS and Science Act, which will strengthen our economic and national security. It will support our supply chains, lower costs, and help America outcompete countries like China by investing in research and manufacturing here at home, especially for semiconductors.

“Today’s landmark bill shows that we continue to believe in American ingenuity. By investing in American research and manufacturing, we are strengthening our economic and national security, lowering costs for Granite Staters, and bringing jobs back home – all in a way that will help us outcompete countries like China. I was proud to work with my colleagues on both sides of the aisle to introduce and pass this critical bill that is now law,” said Senator Hassan.

Earlier this month, Granite Staters businesses applauded Senator Hassan’s leadership in passing this bill, discussing why it will help New Hampshire. You can read their statements here.

Key parts of Senator Hassan and colleagues’ legislation include:

  • More than $50 billion to increase semiconductor manufacturing and research and development in the U.S., which could support New Hampshire businesses like BAE Systems in Nashua that produce semiconductors
  • As companies like China’s Huawei builds out next-generation wireless technology in America and across the globe, the legislation invests $1.5 billion to strengthen telecommunication technology research and development here at home, so we can install our own technology and outcompete China
  • Strengthening American manufacturing across the board, including by increasing authorizations for:
    • The Manufacturing Extension Partnership in New Hampshire that supports small and medium-sized NH businesses
    • Manufacturing USA, which includes Manchester’s Advanced Regenerative Manufacturing Institute (ARMI) that is developing the cutting edge of medical technology and biofabrication
  • Authorizing federal funding for New Hampshire and other states to expand workforce training programs in science, engineering, and manufacturing fields and developing partnerships with educational institutes and federal laboratories
  • Creating a new tech and innovation division at the National Science Foundation to research and develop industries critical to our economy and national defense
  • Further growing the government’s research and development of renewable energy technologies
  • Bipartisan legislation Senator Hassan introduced with Senator John Thune (R-SD) to strengthen national security by advancing U.S. quantum capabilities – which are essential for cybersecurity and military technology – and establishing a more comprehensive approach to workforce development in advanced science and technology fields