Every industry and increased cost for every americans, from cell phones, cars, televisions, even refrigerators and washing machines, products we need every day and using computer chips to function. The medical equipment at our hospitals and the Technology Used by our military. This is why the computer chip shortage were facing is a critical, economic and National Security issue. Its caused prices to rise, and limited the availability of many products, something that anyone who has tried to buy or meant a car over the past couple of years knows all too well. This shortage is directly impacting hardworking families and the businesses that support jobs across our nation. Its companies that are employed in my state of nevada which uses computer chips to manufacture cancerfighting and other critical medical technologies. This shortage, this shortage is impacting lives and livelihoods. For decades, america was a Global Leader in manufacturing and innovation, but over the years, we outsourced
Hi, mr. President. Pres. Biden how are you . I think weve got everyone here, so over to you to kick us off. Pres. Biden thank you for joining us for this important and timely discussion. We are here to talk about the importance of passing the chips for america act, to strengthen our National Economic security. Two categories, first being National Security and the second being Economic Security and opportunity embedded in the legislation. But we wanted to really try to zero in onm going to turn this o brian to get it started. Thank you mr. President. We are joined by members of your economic and National Security team, as well as business and labor leaders from across the country. We thought that we would try to divide this into two categories. The first being the National Security implications in the second being the Economic Security and opportunity embedded in this legislation. We wanted to zero in on both the urgency of acting and of congress as you say acting without delay, hopeful
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
Televisions, even our refrigerators and washing machines, products we use every day, well, they need computer chips to function. Theyre also used in critically Important Technology like the medical equipment in our hospitals and the Technology Used by our military. This is why the computer chip shortage were facing is a critical economic and National Security issue. It has caused prices to rise, contributed to supply chain issues, and limited the availability of many products, something that anyone who has tried to buy or rent a car over the past couple of years knows all too well. This shortage, its directly impacting hardworking families and the businesses that support jobs across our nation. And it has hurt companies and employed people in my state of nevada, like v varion medical systems which uses computer chips to manufacture cancer fighting and other critical medical technologies. This shortage, this shortage is impacting lives and livelihoods. For decades america was a Global L