[Congressional Record Volume 168, Number 23 (Friday, February 4, 2022)]
[Extensions of Remarks]
[Page E112]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            BIOECONOMY RESEARCH AND DEVELOPMENT ACT OF 2021

                                 ______
                                 

                               speech of

                             HON. YOUNG KIM

                             of california

                    in the house of representatives

                      Wednesday, February 2, 2022

  Mrs. KIM of California. Madam Speaker, I


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  February 4, 2022, on page E112, in the second column, the 
following appeared: BIOECONOMY RESEARCH AND DEVELOPMENT ACT OF 
2021 SPEECH OF HON. KIM YOUNG OF CALIFORNIA IN THE HOUSE OF 
REPRESENTATIVES Wednesday, February 2, 2022 Mr. KIM of California. 
Madam Speaker, I
  
  The online version has been corrected to read: BIOECONOMY 
RESEARCH AND DEVELOPMENT ACT OF 2021 SPEECH OF HON. KIM YOUNG OF 
CALIFORNIA IN THE HOUSE OF REPRESENTATIVES Wednesday, February 2, 
2022 Mrs. KIM of California. Madam Speaker, I


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 rise today in support of my amendment to direct the National Science 
Foundation to conduct a study on the impact of inflation. Specifically, 
the National Science Foundation will examine the effect of inflation on 
   cost-of-living, American workforce wages, America's international 
      competitiveness, and its impact on underserved communities.
  Hardworking California workers and families in my district are seeing 
the impacts of inflation each day and are bearing the brunt of this 40-
year inflation high, and unfortunately prices on everything from the 
gas pump to the grocery store in California are more expensive. While 
nominal wages and salaries have increased since December 2020, 
inflation-adjusted wages fell by 4.3 percent at an annual rate over the 
last three months. The price of everyday goods for Americans--
especially for those at lower-income levels--has increased so fast that 
any gains in real wages and compensation have fallen.
  During one of the worst inflation crises the U.S. has faced, Speaker 
Pelosi wants to put $8 billion in taxpayer dollars in a UN climate 
slush fund that we have zero oversight over and that China has already 
taken $100 million from.
  I have worked tirelessly with my colleagues on the Committee on 
Science, Space and Technology to produce thoughtful, targeted and 
bipartisan STEM bills to promote U.S. leadership in STEM research and 
development and create American jobs. Throwing taxpayer money at the 
CCP does the opposite and worsens the inflation crisis.
  I urge my colleagues to adopt this amendment.

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