WASHINGTON – Yesterday on the floor, U.S. Senator John Cornyn (R-TX) discussed the need for a conference committee to negotiate differences between the Senate’s United States Innovation and Competition Act (USICA), which contains multiple provisions introduced by Sen. Cornyn including funding for his CHIPS for America Act, and the House of Representatives’ America COMPETES Act. Excerpts of Sen. Cornyn’s remarks are below, and video can be found here.
“The House bill contains $8 billion to an unaccountable U.N. climate slush fund, which has provided more than $100 million to the People’s Republic of China. What we’re talking about – what we should be talking about – is countering threats from China, not helping China.”
“The partisan bill from the House has also added provisions related to immigration, from creating new types of visas to removing green card caps.”
“The House bill also includes additional handouts to favored political constituencies. From massive slush funds to burdensome new labor requirements, organized labor would be the big winner in the House bill, but not rank-and-file Americans.”
“The bill’s trade title is completely inadequate.”
“I’m very disappointed that the House has wasted valuable time.”
“I hope that once the House does pass a bill, that we quickly form a formal conference committee in order to make the final product look a whole lot like the Senate bill that we passed with strong bipartisan majorities.”
“The Senate bill needs to be the template for what is ultimately done by the conference committee and what is ultimately passed by the United States Congress.”