U.S. Sen. Mark R. Warner’s statement on Senate Passage of Legislation to Restore Leadership in Semiconductor Production

WASHINGTON (VR) – U.S. Sen. Mark R. Warner (D-VA), Chairman of the Senate Select Committee on Intelligence, issued the following statement after the Senate voted 64-33 to approve legislation to increase domestic semiconductor manufacturing and boost U.S. innovation and scientific investment:

“It’s been more than two years since I first began sounding the alarm about the need to reduce our reliance on other nations and safeguard our national security by bringing semiconductor production back to the U.S. Since then, we’ve seen the consequences of semiconductor shortages all the way up the supply chain and down to consumers, who have faced rising costs across goods – from vehicles to electronics. While we still have a lot of work to do to boost U.S. competitiveness with China, the Senate passage of this legislation represents an important step in bringing back American manufacturing, shoring up U.S. innovation, and reducing costs for families. I urge my House colleagues to act like our economy and national security depends on it, and send this bill to the President’s desk without delay.”