[Congressional Record Volume 157, Number 115 (Thursday, July 28, 2011)]
[House]
[Page H5677]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 LIFE SCIENCES JOBS AND INVESTMENT ACT

  (Ms. SCHWARTZ asked and was given permission to address the House for 
1 minute.)
  Ms. SCHWARTZ. As we seek ways to get America's economy growing again, 
one part of this effort must be to create the right environment to grow 
private-sector, cutting-edge jobs and cutting-edge industries. That is 
why I have joined several of my colleagues in a bipartisan, bicameral 
basis to introduce legislation that will keep America on the front edge 
of scientific research and development and offer new opportunities for 
job creation in America's life sciences industry.
  This legislation provides targeted tax credits to promote innovation, 
entrepreneurship, and new, high-quality jobs here at home. It expands 
on the research and development tax credit, and allows companies to 
bring back overseas earnings for the purpose of creating American jobs 
and investing in American startup companies.
  American universities, research centers, and private companies are 
the world leaders in medical sciences and the development of new 
medical devices and therapeutics, but we are no longer alone. This 
legislation will help ensure that our life sciences industries maintain 
their competitive edge in the global marketplace.
  I urge my colleagues to join me in support of innovative small 
businesses and the new jobs that they create. Let's help them create 
the cures and treatments of tomorrow right here at home today.

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