Autos Drive America Applauds U.S. Senate Passage of CHIPS and Science Bill
July 27, 2022
WASHINGTON, D.C. –Autos Drive America President and CEO Jennifer Safavian issued the following statement in response to the bipartisan Senate passage of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Bill:
“International automakers and the U.S. auto industry at large are encouraged by this bipartisan compromise and action on the CHIPS and Science Bill. Coupled with supply chain disruptions and economic volatility, the shortage of semiconductor chips has stunted American manufacturing and economic growth, making the U.S. less competitive on the world stage.
“The essential funding this legislation provides will strengthen the U.S. supply chain and make our economy more resilient. It will also allow international automakers to continue increasing U.S. auto production to meet consumer demands and invest in U.S. operations and the American workforce.
“Autos Drive America and our members are committed to working alongside Congress and the administration to strengthen American manufacturing and the U.S. auto industry’s competitiveness. We urge the House of Representatives to swiftly pass the CHIPS and Science Bill and deliver funding for the President to sign into law.”
In February, Autos Drive America joined 20 other industry groups to urge Congress to reach a bipartisan compromise for the CHIPS and Science Bill. Read the full letter here.
About Autos Drive America
Autos Drive America represents the U.S. operations of international motor vehicle manufacturers integral to America’s workforce, communities, and economy. As the voice of international automakers in the United States, Autos Drive America works closely with policymakers at all levels of government to advance policies that promote jobs, trade, and growth in the U.S. automotive industry. Learn more at www.autosdriveamerica.org.