Generation of American Ingenuity of americas discovery of american leadership, bypassing our chips in science bill today, the senate says yes, we are. And allowed a bipartisan voice and today, by approving one of the Largest Investments in science, technology and manufacturing in decades, in decades, we say that americas best years are yet to come. Its a very good day for the American People and for american innovation, legislation is going to create good paying jobs to alleviate supply chains and it will help lower costs minimal protect Americas National security interest and i am confident that futureoo generations will look back on the passage of thisn bill is a turning point for american readership in the 21st century and i admit that some of the policies, not all the summer but they are vital and all too often, government and businesses in shortterm and this is one of the most significant pieces of longterm effect in thinking legislation that we have seen in the spotting a very lo
When it comes to america, i am an optimist. I cant help but approach the future with great hope. After all, as americans, weve never let obstacles stand in our way or accepted that problems cant be solved, nor citizens the w most ingenious. Our military, its mightiest, the economy the strongest and innovators theov most creative. The last century was defined by how our accomplishments andad ot ideals. Global rivals who dont share our values or our economic interests. Right now, we are in the middle of a Great Power Competition with an authoritarian regime in beijing that seeks global primacy and rejects democracy. The Chinese Communist party is currently investing 1. 4 trillion in frontier technologies that will dominate the 21st century. Artificial intelligence, quantum computing, hypersonics among other key technologies. Innovators are earning patents and Publishing Research and ai at greater rates than our own and schools are producing four times the graduates as americas and the Ch
While neglecting the eternal. May our senators live lives that bring glory and honor to your name, receiving your approbation for their faithfulness. Create in them humble and contrite hearts that will refuse to deviate from the path of integrity. And, lord, we continue to pray for ukraine. We pray in your merciful and powerful name. Amen. The presiding officer please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the clerk will read a communication to the senate. The clerk washington d. C. , july 27, 2022. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable sherrod brown, a senator from the state of ohio, to perform the duties of the chair. Signed patrick j. Leahy, president pro tempore. The presiding offic
When it came to building and maintaining Affordable Housing long before covid19. Back in 2020, a rhode island family earning the states Median Income couldnt afford to buy a home at the median price anywhere in the state. It has only gotten worse since then. Across the country, home prices have risen 13. 4 from last year, with the National Median price now at 416,000. In my state, the Rhode Island Association of realtors reports that the median price of homes sold in june 2022, reached an alltime high of 430,000. Thats 11. 7 higher than a year earlier. A large reason that homeownership is out of reach for Many Americans is that the inventory levels are so low. In recent months, sales have dropped as Interest Rates have increased, but nowhere near a balanced market. In a healthy Housing Market, there is usually 6,000 homes for sale at any given time. Right now our country hags less than a threemonth supply of homes and rhode island has less than a twomonth supply. As potential home buye
As it was known back then, usica, in order to shore up u. S. Investment in research, development, and manufacturing of critical technologies. A few names later and unfortunately more than a year later, i rise again before this body to express my strong support for this revised chips legislation that we just cleared an important hurdle for over the last hour and urge my colleagues to pass this bill as quickly as possible so we can get it out of the senate, get it over to the house, and get it to the president s desk. We cannot afford to waste any more time. Because this funding sends a message that the United States is putting a strong downpayment on maintaining our edge in the Global Technology race and preventing Global Supply chains from being weaponized against the United States or for that matter against our allies. Over the past few years, china has continued to increase investments in its domestic industries. Particularly in areas that have longterm strategic influence. This incl