[Congressional Record Volume 168, Number 81 (Thursday, May 12, 2022)]
[Senate]
[Page S2466]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                  U.S. Innovation and Competition Act

  Madam President, finally on USICA, today, our bipartisan jobs and 
competition bill will take another step forward when the conference 
committee holds its first public meeting.
  The jobs and competition legislation is just what the doctor ordered 
to boost our economy, bring manufacturing jobs back home, and lower 
costs for American families. Many across the country want to see this 
bill done. A recent letter from over 240 State and local chambers of 
commerce called on Congress to act, citing its importance for critical 
technologies like semiconductors.
  One economic analysis also found that enacting this bill would help 
add or preserve as many as 3 million jobs to the U.S. economy--3 
million jobs. And it could be more as new innovations and new markets 
unlock new opportunities yet unknown.
  There is still a lot of work to do before we send this jobs bill to 
the President's desk, and not everyone is going to get what they want. 
But even so, today's first public meeting is a great step forward. The 
bill is the most worthy and important effort, one that will pay 
dividends for years to come.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The senior assistant legislative clerk proceeded to call the roll.
  Mr. McCONNELL. Madam President, I ask unanimous consent that the 
order for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.