The Chips and Science Act Will Boost Manufacturing and Research in NH and Across the Country, Helping Lower Costs and Strengthening Economic and National Security
WASHINGTON – The House of Representatives today passed Senator Maggie Hassan and colleagues’ bipartisan legislation to strengthen supply chains, lower costs, and outcompete countries like China by investing in American research and manufacturing, especially for semiconductors. The legislation now heads to the President’s desk to be signed into law.
“Today we are sending to the President’s desk bipartisan legislation that will lower costs for Granite Staters and Americans, increase manufacturing here in America, and help us outcompete countries like China,” said Senator Hassan. “I am proud to have worked with my Republican and Democratic colleagues alike to develop this bill that will soon be signed into law and will significantly strengthen our economic and national security.”
Key parts of Senator Hassan and colleagues’ legislation include:
New Hampshire Business Support
At events throughout New Hampshire, business leaders have shared with Senator Hassan the importance of passing this legislation, including during a roundtable discussion that Senator Hassan hosted in Milford earlier this year and a visit to BAE Systems in Nashua.
“I think getting ahead of China is really a smart move,” said Dave Patterson, President and CEO of Cirtronics Corporation at the roundtable. “There's two parts of that, which is the risk of us being so dependent on any country for our own safety and our own wherewithal to exist is certainly a very critical issue.”
“First, I am glad that the U.S. government is starting to pay attention,” said Gray Chynoweth, CEO and Director of Minim in Manchester at the roundtable. “We have an industrial policy that no longer works for American workers and no longer works for American businesses. As Bob Dylan once said ‘The Times They Are A-Changing’ -- businesses are working like the Dickens to keep up, and we are excited that American government policies are starting to change with the times. Second, I'm glad that the policies we're discussing today, and the ones that have been passed and are being debated in Washington, are enabling and focused on resiliency, as you talked about.”
“BAE Systems would like to thank U.S. Senator Maggie Hassan for taking the time to tour our Microelectronics Center,” said James Li, director of Microelectronics at BAE Systems. “As a leading provider of defense electronics, we look forward to working with Senator Hassan on critical supply chain issues and legislation before Congress that will help maintain our nation's industrial security.”