[Congressional Record (Bound Edition), Volume 156 (2010), Part 15]
[Senate]
[Pages 22518-22519]
[From the U.S. Government Publishing Office, www.gpo.gov]




              AMERICA COMPETES REAUTHORIZATION ACT OF 2010

  Mr. BINGAMAN. Mr. President, as if in legislative session and morning 
business, I ask unanimous consent that the Commerce Committee be 
discharged from further consideration of H.R. 5116 and the Senate 
proceed to its immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report the bill by title.
  The assistant legislative clerk read as follows:

       A bill (H.R. 5116) to invest in innovation through research 
     and development, to improve the competitiveness of the United 
     States, and for other purposes.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. BROWN of Massachusetts. Mr. President, I rise today in strong 
support of the reauthorization of the America COMPETES Act, which 
passed the Senate today. I have heard from a broad coalition of 
universities, businesses, and educators in my home state of 
Massachusetts about the positive

[[Page 22519]]

impact of the COMPETES Act on our economy. I have listened closely to 
my constituents' concerns and have concluded that reauthorization of 
this legislation is absolutely necessary to the long-term economic 
health of Massachusetts and the United States as a whole. To continue 
to lead in the 21st century, we must make sure that the United States 
has the most competitive economy and education system in the world. The 
COMPETES Act goes a long way to achieving that end, and I am proud to 
be a cosponsor of today's legislation.
  This bill reauthorizes Federal funding to support science, 
technology, engineering, and mathematics research. The original 
COMPETES bill was enacted with strong bipartisan support in 2007 and 
was based upon the recommendations contained in the National Academies' 
report, ``Rising Above the Gathering Storm.'' That report correctly 
stated that:

       Having reviewed trends in the United States and abroad, the 
     [National Academies] is deeply concerned that the scientific 
     and technological building blocks critical to our economic 
     leadership are eroding at a time when many other nations are 
     gathering strength. We strongly believe that a worldwide 
     strengthening will benefit the world's economy--particularly 
     in the creation of jobs in countries that are far less well-
     off than the United States. But we are worried about the 
     future prosperity of the United States. Although many people 
     assume that the United States will always be a world leader 
     in science and technology, this may not continue to be the 
     case inasmuch as great minds and ideas exist throughout the 
     world. We fear the abruptness with which a lead in science 
     and technology can be lost--and the difficulty of recovering 
     a lead once lost, if indeed it can be regained at all.

  The fears of the authors of ``Rising Above the Gathering Storm'' are 
as relevant today as they were prior to the original authorization of 
COMPETES. We must keep our foot on the gas pedal if we want to win the 
global race for jobs, economic growth, and new opportunities for our 
children and grandchildren.
  Massachusetts is an innovation-driven economy and has significantly 
benefitted from the COMPETES Act. A 2009 independent study by the 
Massachusetts Institute of Technology, MIT, found that Massachusetts is 
home to nearly 7,000 companies founded by MIT alumni. These types of 
companies exist in part because of the federal research funding that 
the COMPETES Act provides to universities like MIT. According to the 
study, those 7,000 businesses have created nearly one million jobs in 
my State, generating $164 billion in worldwide sales, 26 percent of the 
total sales dollars of all Massachusetts companies. I know that many of 
my Senate colleagues hail from States with similar success stories.
  Many of the jobs that stem from the COMPETES Act funding are in 
export-intensive sectors, such as my State's world-class semiconductor 
industry. I agree with President Obama that we must double U.S. exports 
in 5 years. But we can only achieve this worthwhile goal if we 
encourage students and leading thinkers to make our industries cutting 
edge so that the worldwide demand for our products grows significantly. 
Only then will we have sustained economic growth and get our country 
moving again.
  Since arriving in the Senate I have carefully scrutinized every bill 
with our Nation's fiscal concerns in mind. The compromise struck in 
this reauthorization recognizes the fiscal climate of today while still 
making meaningful investments in our future. For example, the bill 
sunsets nine programs, eliminates several other duplicative programs, 
and includes an authorization level that is only half of the House's 
proposal.
  I urge my colleagues in the House of Representatives to join in 
supporting passage of the America COMPETES Act.
  Mr. BINGAMAN. Mr. President, I ask unanimous consent that the 
Rockefeller-Hutchison substitute amendment, which is at the desk, be 
agreed to, the bill, as amended, be read a third time, and that a 
budget pay-go statement be read.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 4843) was agreed to.
  (The amendment is printed in today's Record under ``Text of 
Amendments.'')
  The amendment was ordered to be engrossed, and the bill to be read a 
third time.
  The bill was read the third time.
  The PRESIDING OFFICER. The pay-go statement will be read.
  The assistant legislative clerk read as follows:

       Mr. Conrad: This is the Statement of Budgetary Effects of 
     PAYGO Legislation for H.R. 5116, as amended.

       Total Budgetary Effects of H.R. 5116 for the 5-year 
     statutory PAYGO Scorecard: $0.
       Total Budgetary Effects of H.R. 5116 for the 10-year 
     statutory PAYGO Scorecard: $0.

       Also submitted for the Record as part of this statement is 
     a table prepared by the Congressional Budget Office, which 
     provides additional information on the budgetary effects of 
     this Act, as follows:

 CBO ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR H.R. 5116, THE AMERICA COMPETES REAUTHORIZATION ACT OF
    2010 (S:\ WPSHR\LEGCNSL\XYWRITE\-SCI10\3605ASAM.9), TRANSMITTED TO CBO ON DECEMBER 17, 2010 BY THE SENATE
                               COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION
----------------------------------------------------------------------------------------------------------------
                                                         By fiscal year in millions of dollars--
                                       -------------------------------------------------------------------------
                                                                                                    2011-  2011-
                                        2011  2012  2013  2014  2015  2016  2017  2018  2019  2020   2015   2020
----------------------------------------------------------------------------------------------------------------
                                   Net Increase or Decrease (-) in the Deficit
Statutory Pay-As-You-Go Impact........     0     0     0     0     0     0     0     0     0     0     0     0
----------------------------------------------------------------------------------------------------------------
Note: H.R. 5116 would authorize appropriations for several agencies to support scientific research, industrial
  innovation, and certain educational activities. The legislation would allow for the collection of fees to
  offset the administrative costs of a loan guarantee program directed toward small- and medium-sized
  businesses. CBO estimates that there is no net budgetary impact in a single year.
Source: Congressional Budget Office and Joint Committee on Taxation.

  Mr. BINGAMAN. Mr. President, I ask unanimous consent that the bill be 
passed, the motion to reconsider be laid upon the table, with no 
intervening action or debate, and any statements related to the bill be 
printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (H.R. 5116), as amended, was passed.

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