>> LADIES AND GENTLEMEN, PLEASE TAKE YOUR SEATS AND SILENCE YOUR CELL PHONES. THE PROGRAM WILL BEGIN SHORTLY. >>> ♪ [ MUSIC ] ♪ >>> LADIES AND GENTLEMEN, PLEASE TAKE YOUR SEAT AND CHALLENGER CELL PHONES. THE PROGRAM WILL BEGIN SHORTLY. >>> LADIES AND GENTLEMEN, THE VICE PRESIDENT OF THE UNITED STATES, AND THE SECOND GENTLEMEN.
[ APPLAUSE ] >>> LADIES AND GENTLEMEN, THE PRESIDENT OF THE UNITED STATES, ACCOMPANIED BY THE CREW OF THE HOUSE, NANCY PELOSI. CHUCK SCHUMER, AND SPARKED CHARGE FOUNDER AND CEO. ♪ [ MUSIC ] ♪ [ APPLAUSE ] >>> IS THIS A GREAT DAY? WELL, THANK YOU, THANK YOU.
PLEASE BE SEATED.
THEY DID NOT SAY THAT MY ROCK REMARKS, BUT I NEED TO DO IT. IT IS A GREAT DAY. THANK YOU, PRESIDENT BIDEN FOR INVITING US TO THE WHITE HOUSE. THANK YOU, SPEAKER NANCY PELOSI, AND SECRETARY, THANK YOU TO ALL OF MY GREAT SENATE COLLEAGUES THAT ARE HERE AS WELL. WELL, WHAT A SIX WEEKS IT HAS BEEN FOR THE SENATE.
[ APPLAUSE ] THE INCREDIBLE INFLATION REDUCTION ACT, GUN REFORM, NATO, AND ONE OF THE MOST IMPORTANT THINGS WE HAVE DONE FOR AMERICA, C.H.I.P.S.
AND SCIENCE. FOR THE LAST CENTURY, AMERICAN PROSPERITY WAS ANCHORED ON AN UNMATCHED COMMITMENT TO SCIENTIFIC RESEARCH AND INNOVATION. THE QUESTION FACING AMERICA TODAY IS WHETHER THE PROSPERITY WILL LIVE ON IN THE CENTURY TO COME. TODAY, BY ENACTING THE C.H.
I.P.S. AND SCIENCE ACT, THE LARGEST INVESTMENT IN MANUFACTURING, SCIENCE, AND INNOVATION IN DECADES, WE SAY THAT AMERICA’S BEST YEAR STILL LIES AHEAD. ALL TOO OFTEN, GOVERNMENT AND BUSINESSES ARE ACCUSED OF THINKING OVER THE SHORT TERM.
THIS IS ONE OF THE MOST SIGNIFICANT, LONG-TERM THINKING BILLS IN AGES. I FIRMLY BELIEVE OUR GRANDCHILDREN WILL WORK IN JOBS THAT WE CANNOT EVEN ENVISION NOW BECAUSE OF THESE GREAT INVESTMENTS. TO THE INNOVATORS, JOB CREATORS, AND WORKERS THAT WILL WITNESS THE SLOW EROSION OF AMERICA’S SEMICONDUCTOR INDUSTRY, WE WILL BRING THESE JOBS BACK TO OUR SHORES, AND END OUR DEPENDENCE ON FOREIGN CHIPS. [ APPLAUSE ] THE CHIPS I MAKE EVERYTHING FROM CARS TO HOUSEHOLD APPLIANCES TO MEDICAL DEVICES THAT ARE MAKING THE MORE EXPENSIVE, AND WHEN WE BRING THEM BACK, THE PRICES WILL GO DOWN. THAT IS VERY IMPORTANT TO OUR PEOPLE.
THE MICROCHIP IS AN AMERICAN ORIGINAL. WE USED TO LEAD THE WORLD IN THIS TECHNOLOGY. IT IS TIME THAT WE LEAD THE WAY ONCE AGAIN.
WE HAVE ALSO MADE THE LARGEST DOWN PAYMENT AND SCIENTIFIC RESEARCH IN DECADES. THIS IS THE KIND WE SAW AFTER WORLD WAR II.
IT UNLEASHED A HALF A CENTURY OF PROSPERITY. IT WILL CULTIVATE THE TECHNOLOGY HUBS OF TOMORROW IT WILL SPUR NEW INNOVATIONS AND NEW DISCOVERIES TO CREATE COUNTLESS NEW JOBS, RIGHT HERE AT HOME. THIS IS A GAME CHANGER FOR SO MANY PLACES IN AMERICA, AND STATES LIKE MINE. PLACES LIKE ALBANY AND SYRACUSE AND ROCHESTER, AND BUFFALO. THEY HAVE HAD THE WORKFORCE, THEY HAVE LONG HAD THE INGENUITY.
THEY HAVE LONG HAD THE SHOVEL READY SIZE. WITH EIGHT C.H.I.P.
S. AND SCIENCE ACT, WE CAN OTHER JOBS AS WELL.
THAT IS TRUE FOR ALL OF AMERICA AS WELL AS NEW YORK. IT HAS BEEN A REMARKABLE TIME FOR THE SENATE OVER THE LAST SIX WEEKS. IT STARTED LAST YEAR, OF COURSE, WHEN WE PASSED THE FIRST INFRASTRUCTURE LAW IN YEARS.
OVER THE LAST SIX WEEKS ALONE, WE DID PASS NOT ONLY C.H.I.P.S.
AND SCIENCE, BUT VETERANS HEALTHCARE, GUN SAFETY, NATO, AND NOW THE INFLATION RATE DR. — REDUCTION ACT HAS PASSED THE SENATE. THE GROUNDBREAKING IRA BILL, ONE OF THE MOST SIGNIFICANT PIECES OF LEGISLATION IN DECADES WILL FIGHT INFLATION, LOWER PRESCRIPTION DRUG AND ENERGY COSTS FOR THE AVERAGE AMERICAN, CREATE MILLIONS OF GOOD PAYING UNION JOBS.
IT IS THE MOST SIGNIFICANT BILL FIGHTING CLIMATE CHANGE WE HAVE EVER, EVER PASS. [ APPLAUSE ] I SALUTE MY ENTIRE DEMOCRATIC CAUCUS.
ALL 50, WITH DIFFERING VIEWS FOR COMING TOGETHER AND UNITING BEHIND THIS GROUNDBREAKING PIECE OF LEGISLATION. [ APPLAUSE ] LET ME SEE HERE. THESE BILLS ARE WHAT PROGRESS LOOKS LIKE. DO NOT TELL ME THINGS CANNOT CHANGE. I DO WANT TO THANK EVERYONE WHO MADE SIGNING THE C.
H.I.P.S. BILL POSSIBLE.
OUR AMAZING CHAIR OF THIS CONFERENCE COMMITTEE , SENATOR MARIA CANTWELL OF WASHINGTON STATE. SO MANY OTHERS. THANK YOU ALSO TO SENATOR YOUNG, MY PARTNER IN THIS BIPARTISAN ACT. [ APPLAUSE ] HE AND I WORKED ON THIS BILL, ORIGINALLY CALLED THE ENDLESS FRONTIER BILL. I STILL LOVE THAT NAME, BUT IT IS GONE.
WE WORKED ON THIS BILL FOR MORE THAN THREE LONG YEARS. I WAS ON MY BIKE ONE MORNING IN THE SENATE JIM. I TOLD TODD, I BELIEVE AMERICA HAS TO INVEST IN SCIENCE AND RESEARCH I WAS PASSIONATE ABOUT THIS ISSUE. HE WAS PASSIONATE AS WELL.
WE GOT TO WORK ON THE ENDLESS FRONTIER ACT, THAT BECAME THE BLUEPRINT FOR THE C.
H.I.P.S. AND SCIENCE ACT .
I WOULD SAY THAT DEMOCRATS WOULD BE READY TO WORK WITH REPUBLICANS WHEN POSSIBLE. TODAY’S SIGNING, WE CELEBRATE SUCH AN ACCOMPLISHMENT. I DO WANT TO GIVE A SPECIAL SHOUT OUT TO MY STAFF. THEY ARE AMAZING, HARD-WORKING, AND BRILLIANT. I COULD NOT HAVE DONE IT WITHOUT THEM.
WHERE ARE THEY? RAISE YOUR HANDS SO I CAN SEE YOU. THEY ARE SCATTERED THROUGHOUT. THERE THEY ARE. FINALLY, LAST, BUT CERTAINLY NOT LEAST, WHAT YOU THINK OUR GREAT PRESIDENT FOR HIS LEADERSHIP.
ALL OF THESE THINGS THAT WE HAVE DONE, EVERY SINGLE ONE OF THEM WOULD NOT HAVE BEEN POSSIBLE WITHOUT HIS FAST, DEDICATED LEADERSHIP AND VISION. THANK YOU MR. PRESIDENT. [ APPLAUSE ] IN CLOSING, LET ME SAY THIS FOR DECADES, IT WAS AMERICA’S FIRST WOMEN TO SCIENCE, RESEARCH, INNOVATION, AND MANUFACTURING THAT MADE US THE ENVY OF THE WORLD. TODAY, WE FACE THE GREAT TASK OF PRESERVING THAT LEGACY IN THIS CENTURY.
IN A WORLD OF FIERCE COMPETITION AND HUNGRY AUTHORITARIANS ABROAD AND NOW, EVEN AT HOME. AUTHORITARIANS ARE CHEERING FOR US TO LOSE. THEY’RE HOPING WE SIT ON OUR HANDS AND FAILED TO ADAPT TO THE 21st CENTURY. WE DARE NOT SEE THE MANTLE OF GLOBAL LEADERSHIP IN THIS CENTURY. WE MEAN FOR AMERICA TO LEAD THIS COUNTRY, JUST AS WE ALWAYS HAVE.
WE WILL SHOW THAT DEMOCRACY WILL ALWAYS BE THE BEST SYSTEM TO GOVERN IN A MULCH WAS WORLD. [ APPLAUSE ] IT CERTAINLY WILL NOT HAPPEN ON ITS OWN. TODAY, WE ARE LAYING THE FOUNDATION FOR A BOLD, BOLD FUTURE. TODAY, BY ENACTING THE C.H.
I.P.S.
AND SCIENCE ACT, WE ARE MAKING CLEAR THAT WE BELIEVE ANOTHER GREAT AMERICAN CENTURY LIES ON THE HORIZON. THANK YOU.
[ APPLAUSE ] NOW, OUR GREAT SPEAKER AND PARTNER, THAT ALL OF THESE BILLS WE MENTIONED HAVE BEEN WORKED THROUGH THE SENATE, AND EVERYONE BUT ONE HAS BEEN WORKED THROUGH THE HOUSE. THAT WILL BE WORKED ON THIS WEEK. WE HAVE A GREAT TEAM AND A GREAT OWNERSHIP IN THE HOUSE. WE HAVE SPEAKER NANCY PELOSI. [ APPLAUSE ] >> THE SPEECH IS HERE.
I THINK I HAVE THE PRESIDENT’S SPEECH HERE. [ LAUGHTER ]>> I WILL GO WITH YOURS.
>> I DON’T KNOW WHAT THEY DID WITH IT. I CAN DO WITHOUT IT. [ APPLAUSE ] MR.
PRESIDENT. [ LAUGHTER ]TODAY, MR. PRESIDENT, WITH THE STROKE OF YOUR PEN, AMERICA DECLARES OUR ECONOMIC INDEPENDENCE. WE STRENGTHEN OUR NATIONAL SECURITY, AND WE ENHANCE OUR FAMILIES FINANCIAL FUTURE. MR.
PRESIDENT, THANK YOU FOR YOUR VISIONARY AND INSPIRING LEADERSHIP THAT BRINGS US TOGETHER TODAY TO ENSURE THAT AMERICA IS BETTER EQUIPPED THAN EVER BEFORE TO COMPETE FOR AND WIN THE 21st CENTURY. [ APPLAUSE ] I THINK SECRETARY GINA RAIMONDO FOR YOUR BRILLIANT PERSISTENCE IN ADVANCING THIS BRILLIANT LEGISLATION. THANK YOU, SECRETARY GINA RAIMONDO. THE FACT THAT C.H.
I.P.S. AND SCIENCE ACT PASSED WITH BIPARTISAN SUPPORT IS A TRIBUTE TO THEATER SENATOR SCHUMER. ALSO OUR COLLEAGUES IN THE HOUSE OF REPRESENTATIVES, WHOM I WISH TO THINK.
I LIKE TO THINK THE SENATE ONCE AGAIN. THANK YOU, CHUCK SCHUMER. THANK YOU FOR GETTING US ALL TO A WONDERFUL START THIS WEEK AGAIN, WITH THE INFLATION LEGISLATION.
LET US THINK OF MANY COMMITTEE CHAIRS AND THE COMMITTEE MEMBERS. I WOULD LIKE TO ACKNOWLEDGE, EDDIE BERNICE JOHNSON [ APPLAUSE ] ALSO, FRANK LONG, RICHIE NEIL, [ INDISCERNIBLE ], BOBBY SCOTT, AND OTHER CHAIRS AND SUBCOMMITTEE CHAIRS, AND ALL OF THE MEMBERS.
I JOINED THE LEADER, AND HE KNOWS HOW INSPIRED OUR STAFF WAS IN THE AIR WORK, AND IN THEIR STAMINA, AND THEIR BRILLIANCE. I WISH TO JOIN IN THINKING OUR STAFF ON THE HOUSE SIDE AS WELL. THANK YOU TO THE STAFF. THANK YOU TO EVERYONE’S LEADERSHIP. WE DID SECURE THE TOOLS THE ADMINISTRATION NEEDS TO IDENTIFY, DEVELOP, AND RECRUIT OUR NATIONS BEST MINDS.
WE WILL BE BUILDING AN INCLUSIVE S.T.E.M. WORKFORCE, AND FOSTERING INNOVATION IN EVERY CORNER OF AMERICA.
MR. PRESIDENT, THIS HONORS YOUR COMMITMENT TO INCLUSION AND DIVERSITY, AND FAIRNESS. IT DELIVERS GAME CHANGING INVESTMENTS TO DRIVE DECADES OF DISCOVERY, ESPECIALLY AT THE NATIONAL SCIENCE FOUNDATION. INDEED, THE NEW DIRECTORATE OF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS WILL HARNESS NEW KNOWLEDGE AND INNOVATION TO HELP SOLVE OUR BIGGEST CHALLENGES, INCLUDING THE CLIMATE CRISIS, AND INEQUALITY IN OUR ECONOMY.
WE ALL THOUGHT FOR STRONG GUARDRAILS FOR THE C.
H.I.P.S. FUNDING TO KEEP THE BENEFITS ON OUR SHORES AND PREVENT PROFITEERING.
[ APPLAUSE ] THIS IS A BILL ABOUT MAKING IT IN AMERICA. LET US THINK THE COUNTLESS ADVOCATES, LIKE JOSH WILEY WHO IS HERE, PROVING THAT OUTSIDE MOBILIZATION CAN SPARK CHANGE. WE DO THINK THE MANY ACCOMPLISHED SCIENTISTS AND STUDENTS FROM AROUND THE COUNTRY THAT WORKED CLOSELY WITH THE CHAIR, AND WOULD LIKE TO THANK THE PARTNERS IN THE PRIVATE SECTOR THAT ARE ESSENTIAL TO OUR ECONOMIC SUCCESS. MANY OF WHOM ARE HERE TODAY. INDEED, DUE TO THE REMARKABLE ACCOMPLISHMENTS OF EVERYONE HERE, THE C.
H.I.P.S. SIS ACT IS AN HISTORIC ACHIEVEMENT.
IT IS A LOWLY — LOWERING KITCHEN COSTS, AND CREATING GOOD JOBS FOR AMERICA’S FAMILIES. THAT IS THE FIRST DOMESTIC RESPONSIBILITY. RETURNING THE PRODUCTION TO THE WORLD LEADERSHIP STATUS. WE ARE UNLEASHING AMERICA’S SCIENCE AND TECHNOLOGY TO MAINTAIN OUR LEADERSHIP FOR THE FUTURE. FOR GENERATIONS, AMERICANS HAVE BEEN THE BEACON OF EXCELLENCE TO THE WORLD IN SCIENCE, INNOVATION, AND ENGINEERING.
OUR SEARCH HAS GENERATED GROUNDBREAKING DISCOVERIES. OUR INDUSTRY HAS POWERED UNPRECEDENTED PROSPERITY. OUR TECHNOLOGY HAS ALTERED THE COURSE OF HISTORY. OUR WORKFORCE, OUR WORKFORCE HAS BEEN THE ENVY OF THE WORLD. WE DO THINK OUR FRIENDS IN LABOR WHO ARE HERE TODAY FOR BEING THE ENVY OF THE WORLD.
[ APPLAUSE ] THIS LEGISLATION IS IN KEEPING WITH THE ALL AMERICAN TRADITION. WE ARE ENSURING THAT OUR NATION CAN OUTCOMPETE ANY NATION IN THE WORLD.
[ APPLAUSE ] UNDER PRESIDENT BIDEN, OUR BEACON OF EXCELLENCE WILL GLOW FOR GENERATIONS TO COME. THANK YOU MR. PRESIDENT.
[ APPLAUSE ] THANK YOU ALL, GOD BLESS AMERICA, HE TRULY HAS DONE SO, WITH THE LEADERSHIP THAT HAS MADE ALL OF THIS GREAT LEGISLATION POSSIBLE. THIS IS DONE UNDER THE LEADERSHIP OF PRESIDENT BIDEN. THANK YOU ALL. I AM VERY, VERY PROUD. THIS IS AN EXCITING DAY.
WE TALKED ABOUT IT ALL OF THE COUNTRY AND ALL OVER THE WORLD PEOPLE ARE JUST IN ON THE ACCOMPLISHMENT THAT THIS IS.
THIS IS ABOUT SCIENCE, SCIENCE, AND SCIENCE. IT IS ABOUT JOBS, JOBS, AND JOBS. IT IS HEALTHCARE. SCIENCE IS THE ANSWER TO OUR PRAYERS.
C.H.I.P.S.
AND SCIENCE ARE DOUBLY AN ANSWER TO OUR PRAYERS. WITH THAT, I HAVE A VERY BIG HONOR OF INTRODUCING THE SECRETARY OF COMMERCE. HER PERSISTENT BRILLIANCE WAS SO INSTRUMENTAL IN BRINGING PEOPLE TOGETHER. WE ARE MAKING ESSENTIAL PRIORITIES, AND UNDERSTANDING WHAT WE HAD TO DO IN SUCH A SPECIAL WAY.
OF COURSE, TAKE GREAT PRIDE IN HER BEING AN ITALIAN-AMERICAN SECRETARY OF COMMERCE.
THIS IS SECRETARY GINA RAIMONDO. [ APPLAUSE ] >>> THANK YOU MADAM SPEAKER. THANK YOU, THANK YOU. PLEASE, ANOTHER ROUND OF APPLAUSE FOR OUR AMAZING SPEAKER. [ APPLAUSE ] I WILL GO OFF SCRIPT FOR A SECOND, AND GIVE YOU A WINDOW INTO THE CHARACTER THAT IS PRESIDENT JOE BIDEN.
OTHERWISE, ALSO MY BOSS. HE IS HERE, IT IS 90 DEGREES.
HE JUST WHISPERED TO ME, LET ME TO PULL THE STEP OUT SO YOU CAN HAVE SOME HEIGHT? THE PRESIDENT OF THE UNITED STATES IS WORRIED ABOUT MY HEIGHT AT THIS PODIUM, THAT IS THE HUMILITY AND KINDNESS OF OUR LEADER. [ APPLAUSE ] IS A VERY, VERY SPECIAL MAN AND A SPECIAL LEADER.
WE ALL KNOW THAT. GOOD MORNING. CONGRATULATIONS TO EVERYONE WHO IS HERE. THIS IS AN INCREDIBLE, INCREDIBLE DAY. I WANT TO SAY AGAIN, WE WOULD NOT BE HERE BUT FOR THE LEADERSHIP OF PRESIDENT JOE BIDEN.
THANK YOU. ANYONE WHO HAS BEEN INVOLVED IN THIS BILL, ANY BILL, ANY OF THEM HAPPENING, KNOW THAT THERE WAS UPS AND DOWNS AND IT WAS A LONG PATH TO GET HERE.
THE PRESIDENT SAID, DO NOT GIVE UP. DO NOT GIVE UP. KEEP GOING.
FIND ANOTHER WAY. BECAUSE OF YOUR LEADERSHIP AND PERSISTENCE, WE ARE HERE TODAY. ON BEHALF OF A GRATEFUL AMERICA, THANK YOU, PRESIDENT FOR YOUR LEADERSHIP. [ APPLAUSE ] TO SPEAKER NANCY PELOSI, THANK YOU. IT IS TRUE, WE SHARE A BOND AS SMALL ITALIAN WOMEN IN PUBLIC SERVICE.
LIKE C.H.I.P.S.
, SMALL BUT MIGHTY IS BIGGER NANCY PELOSI. I DON’T TO THANK YOU FOR YOUR FRIENDSHIP IN THIS AND YOUR MENTORSHIP MOST OF ALL, YOUR PERSISTENCE AND YOUR COMMITMENT. IT WAS NOT EASY. YOU DID IT. ALL OF YOUR TEAM WHO ARE HERE, THANK YOU TO EACH AND EVERY ONE OF YOU.
[ APPLAUSE ] AND TO LEADER CHUCK SCHUMER, HE GIVES RELENTLESS A NEW NAME AND A NEW DEFINITION. RELENTLESS IN ALL THE BEST WAYS. THERE WERE TIMES WHEN WE THOUGHT, COULD THIS HAPPEN? WOULD IT BE BIPARTISAN? ALWAYS, LEADER CHUCK SCHUMER SAYS YES, I WOULD NOT GIVE UP, I WILL NOT GIVE UP.
THANK YOU SO MUCH FOR YOUR COMMITMENT AND YOUR LEADERSHIP. AND ALSO TO YOUR CHAIRS, THANK YOU. AND TO THE REPUBLICANS IN THE HOUSE AND SENATE, THIS IS BIPARTISAN. THE PRESIDENT, THE SPEAKER, AND THE LEADER INSISTED IT WOULD BE BIPARTISAN. WE ARE SHOWING THE WORLD THAT AMERICA CAN GET THINGS DONE IN A BIPARTISAN WAY WHEN IT MATTERS.
THANK YOU TO YOUR LEADERSHIP. I ALSO TO SAY THANK YOU TO A GROUP THAT RARELY GETS A THANK YOU, WHICH IS THE WHITE HOUSE STAFF, THE UNSUNG HEROES, THESE GUYS WORK DAY AND NIGHT, SEVEN DAYS A WEEK, STARTING WITH RON KLAIN AND STEVE, AND LOUISA, AND BRIAN. THANK YOU FOR BEING THERE, AND MAKING THIS HAPPEN. THANK YOU. [ APPLAUSE ] AND TO THE STAFF OF THE COMMERCE DEPARTMENT, THANK YOU FOR PUTTING UP WITH ME, AND TEACH ME THE ROPES.
LISTEN, THIS COULD NOT HAVE COME AT A MORE URGENT MOMENT. COULD NOT HAVE COME AT A MORE URGENT MOMENT, AS HAS BEEN SAID. SEMICONDUCTORS POWER EVERYTHING, EVERYTHING IN OUR ECONOMY THANK YOU TO THE PRIVATE SECTOR PARTNERS THAT ARE HERE TODAY. THEY ARE THE LINCHPIN OF OUR NATIONAL SECURITY, AND THE OVERRELIANCE ON WORN MANUFACTURERS IS A REAL VULNERABILITY. AS HAS BEEN SAID, THAT WILL CHANGE.
THAT IS GOING TO CHANGE. WITH THESE INVESTMENTS, THAT CHANGES. THAT CHANGES RIGHT NOW. WE ARE GOING TO CONSTRUCT AN ENTIRE SEMI CONDUCTOR ECOSYSTEM RIGHT HERE IN THE UNITED STATES OF AMERICA.
THAT MEANS, CREATING HUNDREDS OF THOUSANDS OF HIGH QUALITY, HIGH PAYING MANUFACTURING JOBS IN THE UNITED STATES OF AMERICA.
IT MEANS UNLEASHING THE NEXT GENERATION OF AMERICAN INNOVATION. IT MEANS THE BUILDING MORE SECURE SUPPLY CHAINS AND PROTECTING AMERICANS GLOBAL LEADERSHIP AND VALUES FOR DECADES AND GENERATIONS TO COME. WE WILL ENSURE, WHEN WE CREATE THESE JOBS, ALL AMERICANS HAVE A SHOT AT GETTING THESE JOBS, ALL AMERICANS. THAT COMES STRAIGHT FROM THE TOP. THANK YOU AGAIN PRESIDENT JOE BIDEN FOR A LEADERSHIP.
THANK YOU TO THE BIPARTISAN WORK IN CONGRESS. TOGETHER, WE ARE STRENGTHENING OUR LEADERSHIP, AND OUR ABILITY TO INNOVATE AND COMPETE FOR GENERATIONS TO COME.
IS MY GREAT PLEASURE TO INTRODUCE OUR NEXT SPEAKER, WHO IS AN INNOVATOR, A YOUNG, DYNAMIC, AMAZING AMERICAN INNOVATOR, INVENTOR, AND ENTREPRENEUR. THIS IS THE CEO AND COFOUNDER OF SPARK CHARGE. THIS IS A CHARGING SYSTEM AND NETWORK THAT BRINGS THE CHARGING DIRECTLY TO THE DRIVERS.
HE IS MEMBER OF THE NEXT GENERATION OF INNOVATORS. HE KNOWS FIRSTHAND HOW VITAL IT IS TO SUPPORT HIGH-TECH MANUFACTURING RIGHT HERE IN THE UNITED STATES OF AMERICA. PLEASE JOIN ME IN WELCOMING THE CEO. [ APPLAUSE ] >>> GOOD MORNING EVERYONE. GOOD MORNING, GOOD MORNING.
IT IS PROBABLY 120 DEGREES ON STAGE, AND 95 WHERE YOU ARE. I WILL MAKE IT QUICK. WE ARE THE LAST ONES UP HERE. MY NAME IS JOSH AVIV. I WAS BORN IN WASHINGTON, D.
C. BEING PART OF THIS CEREMONY FEELS LIKE A HOMECOMING TO ME.
MY GRANDFATHER WAS THE FIRST ENTREPRENEUR THAT I EVER MET. HE RAN A FREIGHT LOGISTICS COMPANY FOR OVER 20 YEARS, SHUTTLING AIRPLANE PARTS BETWEEN DALLAS AND THE NATIONAL AIRPORT. I WOULD TRY TO CALL OUT SICK SO I COULD RIDE WITH HIM.
HE WOULD ALWAYS GIVE ME A SNICKERS BAR, AND IT WAS ALWAYS KING-SIZE. [ LAUGHTER ]HE INSTILLED IN ME A DRIVE, AND WORK ETHIC THAT LET ME TO LAUNCH MY OWN COMPANY IN 2017. IT IS CALLED SPARK CHARGE. WE CREATED THE WORLD’S FIRST MOBILE, AND ULTRAFAST ELECTRIC VEHICLE CHARGER IN THE WORLD. [ APPLAUSE ] THANK YOU.
I STARTED AS A SINGLE FOUNDER. IT WAS TOUGH. I BELIEVED IN THE POWER MY PRODUCT. I BELIEVED IN THE AMERICAN DREAM. OVER THE LAST FEW YEARS, SPARK CHARGE HAS GROWN TO OVER 50 EMPLOYEES NATIONWIDE, WITH OPERATIONS ACROSS THE UNITED STATES, AND CUSTOMERS AROUND THE WORLD.
[ APPLAUSE ] WE ALSO LAUNCHED THE FIRST EV CHARGING APP CALLED CURRENTLY. JUST LIKE ROGER THE PICTURE UP WHEREVER YOU NEED, IF YOU’RE DRIVING AN ELECTRIC VEHICLE AND YOU NEED A CHARGE, WE CAN DELIVER THAT CHARGE DIRECTLY TO YOUR VEHICLE ANYTIME, AND ANYWAY WANT. A TRULY BREAKTHROUGH INNOVATION IN EV CHARGING. FOR YEARS, MY INDUSTRY HAS BEEN AT THE MERCY OF SUPPLY CHAINS, MAKING SEMICONDUCTORS THAT ARE CRITICAL.
I WANTED TO CHANGE THAT.
THAT IS WHY, FROM DAY ONE, EVERY SINGLE PRODUCT THAT WE HAVE MANUFACTURED HAS BEEN MANUFACTURED RIGHT HERE IN THE UNITED STATES, AT OUR FACTORY IN BUFFALO, NEW YORK. [ APPLAUSE ][ LAUGHTER ]NOT ONLY THAT, BUT WE ARE ALSO PLANNING TO DOUBLE THE SIZE OF THAT FACTORY OVER THE NEXT FEW MONTHS. AS A BUSINESS OWNER, I WANT TO GIVE MY FELLOW AMERICANS MORE THAN JUST A JOB. I WANT TO GIVE THEM AN OPPORTUNITY TO LEAD OUR ECONOMY’S TRANSITION TO A CLEAN, ELECTRIFIED TRANSPORTATION. BECAUSE OF ME, THAT IS WHAT AMERICA IS ALL ABOUT.
THIS IS A COUNTRY WHERE INNOVATION THRIVES, WITH MOST CAPABLE AND CREATIVE WORKFORCE ON EARTH, ANYONE WITH AN IDEA CAN MAKE IT A REALITY.
THE NEW LAW, THE C.H.I.P.
S. AND SCIENCE ACT, GIVES PEOPLE LIKE ME A CHANCE , THE OPPORTUNITY TO BUILD AND GROW OUR BUSINESSES, AND BE PROUD OF WHAT WE DO. WE CAN BE PROUD OF OUR COUNTRY. I AM HONORED TO INTRODUCE A PRESIDENT THAT UNDERSTANDS THAT. MR.
PRESIDENT, FROM ONE PROWSE SYRACUSE ALUMNUS TO ANOTHER, THANK YOU FOR YOUR LEADERSHIP. [ APPLAUSE ] ONE LAST THING, IF YOU EVER NEED A CHARGE FOR YOUR ELECTRIC CORVETTE ONE DAY, I GOT YOUR BACK. PLEASE JOIN ME IN WELCOMING PRESIDENT JOE BIDEN. [ APPLAUSE ] >>> I TELL YOU WHAT, DETROIT IS MAKING SOME REALLY HOT VEHICLES. THEY EVEN HAVE A HUMMER GOING FASTER THAN MY CORVETTE.
MY CORVETTE IS OLDER THAN I AM, ALMOST. WHEN I REALIZES, MY CORVETTE IS WORTH A OF A LOT MORE THAN WHEN I BOUGHT IT. I GOT IT ORIGINALLY AT $5700.
THEY TELL ME IT IS WORTH A LOT OF MONEY. I KNOW IF I EVER SELL IT, BOTH WILL COME DOWN AND SMITE ME DOWN FROM HEAVEN.
THAT NEW CORVETTE, THE ELECTRIC CORVETTE, I HAVE A COMMITMENT. I DON’T KNOW IF I WILL BE ABLE TO ENFORCE AND I GET TO PURCHASE THE FIRST ONE. IT WILL BE OUT BEFORE I AM OUT OF OFFICE. AT ANY RATE, LOOK, FOLKS, CHUCK, YOU HAVE DONE A OF A JOB, YOU REALLY HAVE.
[ APPLAUSE ] SPEAKER NANCY PELOSI, YOU ALWAYS GET IT DONE.
YOU ALWAYS GET IT DONE, COME OR HIGH WATER, YOU ALWAYS GET IT DONE. I WOULD LIKE YOU TO THINK SECRETARY GINA RAIMONDO, AND JOSH, THANK YOU FOR THE INTRODUCTION. JOSH IS MY KIND OF GUY. WHAT MORE DO YOU NEED? SYRACUSE AND ELECTRIC CARS.
THIS BILL I AM ABOUT TO ASSIGN, IN MY VIEW, REPRESENTS WHAT I HAVE ALWAYS BELIEVED, AMERICA IS THE ONLY NATION IN THE WORLD, AND I DO BELIEVE THIS WITH EVERY FIBER OF MY BEING, THE ONLY NATION IN THE WORLD THAT CAN BE DEFINED, AS I HAVE TOLD XI JINPING , BY SINGLE WORD. HE ASKED ME TO DEFINE AMERICA FOR HIM WHEN I WAS IN CHINA . I SAID, I CAN DO IT IN ONE WORD, AND I MEAN IT, POSSIBILITIES. IN AMERICA, EVERYTHING IS POSSIBLE. WE DO BELIEVE ANY AND EVERYTHING IS POSSIBLE.
IS PART OF THE SOUL OF THIS COUNTRY. IT REALLY IS. WE CAN CHANNEL ALL OF OUR RESOURCES. WE CAN CHANNEL THE FULL TALENTS OF ALL OF OUR PEOPLE INTO THE GREATER MEASURE OF HOPE AND OPPORTUNITY FOR OUR NATION, AND THE WORLD. WE CAN CREATE GOOD JOBS AND EMPOWER WORKERS.
WE CAN GROW THE ECONOMY, NOT JUST FOR THE WEALTHY, BUT FOR EVERYONE. WE CAN CHANGE THE COURSE OF HUMAN HEALTH AND DISEASE. WE CAN TACKLE CLIMATE CHANGE WITH INNOVATION AND JOBS.
WE CAN LEAD THE WORLD. IS NOT HYPERBOLE, WE CAN LEAD IN FUTURE INDUSTRIES AND PROTECT OUR NATIONAL SECURITY.
WE HAVE NOT ALWAYS GOT A RIDE, BUT WE HAVE NEVER WALKED AWAY FROM THAT SENSE OF POSSIBILITY THAT DRIVES THIS COUNTRY, NEVER. IT DOES MATTER TODAY, MORE THAN IN A LONG TIME. YOU’RE TIRED OF HEARING ME SAY THIS, BUT THAT IS BECAUSE WE FACE AN INFLECTION POINT. IN OUR NATION AND AROUND THE WORLD, FUNDAMENTAL CHANGES TAKING PLACE TODAY. POLITICALLY, ECONOMICALLY, AND TECHNOLOGICALLY.
CHANGE CAN STRENGTHEN OUR SENSE OF CONTROL AND SECURITY, DIGNITY AND PRIDE IN OUR LIVES AND OUR NATION, OR, OR, YOU CAN CHANGE AND WE CAN US OF THE PEOPLE I LEFT BEHIND, CAUSING US TO QUESTION WHETHER NOT THE VERY INSTITUTIONS, AIR ECONOMY AND DEMOCRACY ITSELF CAN DELIVER FOR THEM AND EVERYBODY. THIS IS THE MOMENT WE FACE. I REALLY MEAN THIS:I DO BELIEVE THIS WITH EVERY FIBER OF MY BEING, WE HEAR ALL THE NOISE OUT THERE. WE KNOW THERE ARE THOSE THAT FOCUS ON SEEKING POWER, VERSUS SECURING THE FUTURE.
WE HAVE THOSE THAT SEEK DIVISION, INSTEAD OF STRENGTH AND UNITY, THAT TEAR DOWN, RATHER THAN BUILD UP.
TODAY IS THE DAY FOR BUILDERS. TODAY, AMERICA IS DELIVERING, DELIVERING. [ APPLAUSE ] I HONEST TO GOD BELIEVE, THAT 100 YEARS FROM NOW, WE WANT PEOPLE TO LOOK BACK ON THIS WEEK AND THEY WILL KNOW THAT WE MET THIS MOMENT. TODAY, I AM SIGNING INTO LAW THE C.H.
I.P.S. AND SCIENCE ACT . THIS IS A ONCE-IN-A-LIFETIME INVESTMENT IN AMERICA ITSELF.
THIS IS A LOT THE AMERICAN PEOPLE CAN BE PROUD OF. I CALLED FOR ELEMENT OF THIS LONG WHEN I FIRST CAME TO OFFICE. I WANT TO THANK EVERYONE, EVERYONE HERE THAT HELPED MAKE IT POSSIBLE. VICE PRESIDENT HARRIS AND THE SECOND GENTLEMEN, MEMBERS OF THE CABINET IN THE WHITE HOUSE TEAM, MEMBERS OF CONGRESS, IN BOTH PARTIES, AND THE MAJORITY LEADERS. I DON’T WANT TO GET YOU IN TROUBLE, BUT YOU DID A OF A JOB.
[ APPLAUSE ] BY THE WAY, HE IS A GOOD MAN. THAT IS A DIFFERENT STORY. I JUST PROBABLY COST HIM, I AM SORRY. ALL KIDDING ASIDE, THANK YOU, THANK YOU. THIS HELPED KEEP THE BILL ON TRACK, FROM THE BEGINNING TO THE END.
IN THE HOUSE, I LIKE TO THANK SPEAKER NANCY PELOSI AND [ INDISCERNIBLE ], THE REPRESENTATIVE, EDDIE BERNICE, GOD LOVE YOU. YOU ARE READY, YOU DID IT ALL. WE HAVE FRANK. KEEP IN MIND, HE IS FROM NEW JERSEY, BUT DELAWARE OWNS THE HIGH WATERMARK IN NEW JERSEY.
WE HAD A COURT CASE ABOUT THAT.
I JUST WANT YOU TO KNOW THAT.[ LAUGHTER ]WE HAVE MIKE McCALL AND DORIS. WITH AMANDA HOLDS THE SEAT I USED TO HOLD. SO MANY OTHER DEMOCRATS AND REPUBLICANS ALIKE ARE COMMITTED TO GETTING THIS BILL DONE. WHILE THE BIPARTISANSHIP IN CONGRESS IS CRITICAL, I WANT TO ACKNOWLEDGE SOMETHING ELSE.
LOOK AT THE PEOPLE HERE TODAY. YOU, FROM ALL DIFFERENT BACKGROUNDS TO SUPPORT THIS BILL. GOVERNORS, LIKE THE GOVERNOR OF ILLINOIS. WE HAVE LEGISLATORS AND MAYORS, WE HAVE LEGISLATORS AND ENTREPRENEURS. WE HAVE LABOR.
THEY ARE THE REASON WHY WE ARE HERE. THEY ARE THE REASON WHY WE GOT THIS FAR.
SCIENTISTS, TECHNOLOGISTS, ENGINEERS, PHYSICIANS. WE HAVE THE PRESENCE OF COMMUNITY COLLEGES AND NATIONAL SECURITY LEADERS AND GOVERNMENT OFFICIALS. I MET WITH MANY OF YOU THROUGH THIS PROCESS.
SO MANY OF YOU HAVE SPENT YEARS AND YEARS CALLING FOR KEY INVESTMENTS THAT ARE MADE IN THIS BILL. FOR YEARS, YOU HAVE CALLED FOR IT. YOU HELPED MAKE IT HAPPEN YOU REPRESENT WHY. WE ARE BETTER POSITIONED THAN ANY OTHER NATION IN THE WORLD TO WIN THE ECONOMIC PETITION OF THE 21st CENTURY. YOU ARE THE REASON WHY.
I’M SO OPTIMISTIC ABOUT THE FUTURE OF OUR COUNTRY. YOU KNOW, THE C.H.I.P.
S. AND SCIENCE ACT SUPERCHARGES OUR ABILITY TO MAKE SEMI CONDUCTORS HERE IN AMERICA .
EXCUSE ME. THESE ARE COMPUTER CHIPS SMALLER THAN THE FINGERTIP THAT ARE THE BUILDING BLOCKS FOR EVERYTHING FROM SMARTPHONES TO DISHWASHERS, AND AUTOMOBILES. IN FACT, THERE ARE AS MANY AS 3000 SEMI CONDUCTORS PER VEHICLE MADE TODAY.
THAT IS 3000 PER VEHICLE. AMERICA INVENTED SEMICONDUCTORS. THEY POWER NASA’S MISSION TO THE MOON. FEDERAL RESEARCH BROUGHT ON THE COST OF MAKING THEM AND BUILT AN ENTIRE INDUSTRY. AS RESULT, OVER 30 YEARS AGO, AMERICA HAD 40% OF THE GLOBAL PRODUCTION OF THESE CHIPS.
AND THEN, NOTHING HAPPENED. AMERICAN MANUFACTURING, THE BACKBONE OF OUR ECONOMY WAS A HOLLOWED OUT. WE LET SEMICONDUCTOR MANUFACTURING GO OVERSEAS. AS A RESULT, TODAY, WE BARELY PRODUCE 10% OF THE SEMICONDUCTORS, EXCUSE ME, DESPITE BEING THE LEADER IN DESIGN AND RESEARCH. AS WE SAW DURING THE PANDEMIC, WITH THE FACTORIES TO MAKE THESE CHIPS SHUTDOWN, THE GLOBAL ECONOMYCOMES TO A SCREECHING HALT, DRIVING UP THE COST FOR FAMILIES, FOR EVERYONE, NOT JUST HERE, BUT AROUND THE WORLD.
ONE THIRD OF THE CORE INFLATION LAST YEAR WAS DUE TO THE HIGHER PRICE OF AUTOMOBILES.
THEY HAVE A SHORTAGE OF SEMICONDUCTORS. FOLKS, WE NEED TO MAKE THESE CHIPS HERE IN AMERICA. WE NEED A BREAK DOWN EVERY DAY COST TO CREATE JOBS. DON’T TAKE MY WORD FOR IT, LISTEN TO SOME OF THE BUSINESS LEADERS HERE TODAY.
THEY ARE MAKING DECISIONS RIGHT NOW ABOUT WHERE TO INVEST TO RAMP UP PRODUCTION. MANY ARE FOREIGNERS MAKING INVESTMENTS. THESE ARE COMPANIES MAKING DECISIONS ABOUT WHERE IN THE WORLD TO GO. THEY HAVE CHOSEN THE UNITED STATES OF AMERICA. LOOK AT CHINA, JAPAN, AND SOUTH KOREA, AND THE EUROPEAN UNION.
THEY ARE ALL MAKING HISTORIC INVESTMENTS, BILLIONS OF DOLLARS TO TRACK THE BUSINESSES TO THEIR COUNTRIES TO PRODUCE THESE CHIPS.
THESE INDUSTRY LEADERS ALSO SEE AMERICA IS BACK, AND LEADING THE WAY. DURING MY STATE OF THE UNION [ APPLAUSE ] I DESCRIBED THE FIELD OF DREAMS ON 1000 ACRES OUTSIDE OF COLUMBUS, OHIO. THAT IS WHERE AMERICA’S FUTURE WILL BE BUILT. THE CEO OF INTEL IS HERE TODAY.
HE WILL BREAK GROUND FOR THE NEXT GENERATION SEMICONDUCTOR FACTORY IN OHIO IN THE FALL. MICRON IS ANNOUNCING, TODAY, THAT BECAUSE OF THIS LAW, THEY WILL INVEST $40 BILLION OVER 10 YEARS TO BUILD FACTORIES AND SPECIAL CHIPS CALLED MEMORY CHIPS THAT STORE INFORMATION ON YOUR SMART PHONE. INVESTMENT, THIS INVESTMENT ALONE WILL CREATE 40,000 JOBS.
EXCUSE ME. I AM SORRY.
WE HAVE AN INCREASE MARKET SHARE OF MEMORY CHIPS BY 500%. WE HAVE TWO MORE AMERICAN COMPANIES, LET ME TAKE A SIP OF WATER. WE HAVE TWO OTHER COMPANIES, GLOBAL FOUNDRIES AND QUALCOMM ANNOUNCED YESTERDAY THE $4 BILLION PARTNERSHIP TO PRODUCE CHIPS IN THE U.S. THAT OTHERWISE WOULD’VE GONE OVERSEAS.
[ APPLAUSE ] QUALCOMM IS ONE OF THE LARGEST PURCHASERS OF CHIPS. THEY PLAN TO INCREASE CHIP PRODUCTION UP TO 50% OVER THE NEXT 5 YEARS. THE COMPANIES SEE WHAT I SEE, THAT THE FUTURE OF THE CHIP INDUSTRY WILL BE MADE IN AMERICA.
[ APPLAUSE ] FOR THE FOLKS AT HOME, THERE IS A BROADER SUPPLY CHAIN THAT MAKES THE SEMICONDUCTORS TO CONNECT SMALL BUSINESSES AND MANUFACTURERS. THIS LAW WILL FUND THE ENTIRE SEMI CONDUCTOR SUPPLY CHAIN FOR RESEARCH AND DEVELOPMENT TO KEY INPUTS LIKE POLY SILICON MANUFACTURER IN HEMEL, NEW YORK.
NEARLY 1/3 OF THE CHIPS IN THE WORLD USE POLY SILICON MADE IN HEMLOCK. IMAGINE WE HAD MORE THESE KINDS OF FACTORIES ACROSS THE COUNTRY. THIS LAW WILL MAKE THAT A REALITY. THERE IS ANALYSIS THAT SAYS INVESTMENT IN THE CHIPS AND SCIENCE ACT WILL CREATE MORE THAN 1 MILLION CONSTRUCTION JOBS ALONE OVER THE NEXT 6 YEARS. WE WILL BE BUILDING SEMICONDUCTOR FACTORIES IN AMERICA.
AMERICA INVENTED THE SEMI CONDUCTOR, AS MENTIONED ALREADY. THIS LAW BRINGS IT BACK HOME. IT IS IN OUR ECONOMIC INTEREST, AND OUR NATIONAL SECURITY INTEREST TO DO SO. EARLIER THIS YEAR, I WENT DOWN TO THE FACTORY IN ALABAMA.
YOU’RE MAKING THE JAVELIN MISSILES.
WE ARE SUPPLYING UKRAINE TO DEFEND THEMSELVES IN VLADIMIR PUTIN’S UNPROVOKED WAR. IT WAS CRYSTAL CLEAR THAT WE NEED THESE SEMI CONDUCTORS, NOT JUST FOR THE JAVELIN MISSILES COME ABOUT FOR WEAPONS DISTANCE OF THE FUTURE THAT WILL BE EVEN MORE RELIANT ON ADVANCED CHIPS. UNFORTUNATELY, WE PRODUCE 0% OF THESE ADVANCED CHIPS. CHINA’S TRYING TO MOVE AWAY AHEAD OF US TO MANUFACTURING THESE CHIPS AS WELL. IT IS NO WONDER THE CHINESE COMMUNIST PARTY ACTIVELY LOBBIED U.
S.
BUSINESSES AGAINST THIS BILL. UNITED DAYS MUST LEAD IN THE PRODUCTION OF THESE CHIPS. THIS LAW WILL DO EXACTLY THAT. [ APPLAUSE ] TO BE CLEAR, THIS LAW IS NOT HANDING OUT BLANK CHECKS TO COMPANIES.
TODAY, I ORDER MY ADMINISTRATION TO BE LASER FOCUSED ON THE GUARDRAILS THAT WILL PROTECT TAXPAYER DOLLARS. WE ARE MAKING FOR THE COMPANIES PARTNER WITH COMMUNITY COLLEGES AND TECHNICAL SCHOOLS, TO OFFER TRAINING AND APPRENTICESHIP PROGRAMS. WE WILL WORK WITH SMALL AND MINORITY OWNED BUSINESSES. WE WILL HAVE THE POWER TO TAKE BACK ANY FEDERAL FUNDING IF THE COMPANIES DON’T MEET THESE COMMITMENTS REQUIRED BY THE BILL. THIS INCLUDES REQUIREMENTS THAT COMPANIES BUILDING THESE SEMI CONDUCTOR FACILITIES PAY THE PREVAILING WAGE.
WE WILL ENSURE THE TENS OF THOUSANDS OF NEW CONSTRUCTION JOBS ARE UNION JOBS. WE WILL NOT ALLOW COMPANIES TO USE THESE FUNDING TO BUY BACK STOCK OR ISSUE DIVIDENDS. FINALLY, THIS BILL IS ABOUT MORE THAN JUST CHIPS, IT’S ABOUT SCIENCE AS WELL. DECADES AGO, WE STOOD INVEST 2% OF OUR GDP IN EVERYTHING. WE LET THE WORLD IN EVERYTHING FROM INTERNET TO GPS.
TODAY, WE INVEST LESS THAN 1%. WIESE RANK NUMBER ONE OF THE WORLD IN RESEARCH AND DEVELOPMENT, NOW WE RANK NUMBER NINE.
CHINA WAS NUMBER EIGHT, DECADES AGO, NOW THEY ARE NUMBER TWO. OTHER COUNTRIES ARE CLOSING IN FAST. THIS LAW WILL GET US MOVING UP ONCE AGAIN.
THIS WILL BOOST OUR RESEARCH AND DEVELOPMENT FUNDING. THIS’LL BE CLOSE TO 1% OF THE GDP, THE FASTEST SINGLE YEAR PERCENTAGE INCREASE IN 70 YEARS. IT WILL MAKE A DIFFERENCE. END THIS FUNDING WILL ENSURE THE UNITED STATES LEADS THE WORLD IN THE INDUSTRIES OF THE FUTURE, FROM QUANTUM COMPUTING TO ARTIFICIAL INTELLIGENCE TO ADVANCED BIOTECHNOLOGY. THESE ARE THE INVESTMENTS THAT WILL DELIVER VACCINES FOR CANCER CURES AND HIV.
IT WILL INVENT THE NEXT BIG THING THAT HAS NOT EVEN BEEN IMAGINED YET. THIS IS A LAW THAT REQUIRES THAT ANY COMPANY THAT RECEIVES FEDERAL RESEARCH DEVELOPMENT WILL HAVE TO MAKE THAT TECHNOLOGY INVENTING, HERE IN AMERICA. THAT MEANS WE WILL INVEST IN AMERICA AND INVENTED AMERICA. WE WILL MAKE IT IN AMERICA. WE WILL MAKE SURE WE INCLUDE ALL OF AMERICA.
WE WILL SUPPORT ENTREPRENEURS AND TECHNOLOGICAL HUBS THROUGHOUT AMERICA, INCLUDING HISTORIC BLACK COLLEGES AND MINORITY INSTITUTIONS AND TRIBAL COLLEGES. WE WILL TAP INTO THE GREATEST COMPETITIVE ADVANTAGE, OUR DIVERSE AND TALENTED WORKFORCE, URBAN, RURAL, AND TRIBAL.
[ APPLAUSE ] PEOPLE LIKE JOSH, COMING UP WITH THESE IDEAS FOR PORTABLE ELECTRIC CAR CHARGERS 5 YEARS AGO IN BUFFALO, NEW YORK. ALL THE YOUNG PEOPLE OUT THERE TODAY, TO HAVE AN IDEA THAT WILL SPARK IMAGINATION TO SOLVE A PROBLEM THEY SEE AND CURE DISEASES THEY HAVE, AND TO DREAM TO MAKE THE IMPOSSIBLE POSSIBLE. THIS LAW IS FOR THEM.
LET ME CLOSE WITH THIS, LAST MONTH, I AWARDED STEVE JOBS THE PRESIDENTIAL MEDAL OF HONOR POSTHUMOUSLY. AT EVERY TURN IN HIS LIFE, HE DARED TO THINK DIFFERENTLY. HE EMBODIED THE MOST OF AMERICAN QUESTIONS, WHAT NEXT? THE C.H.
I.P.S. AND SCIENCE ACT WILL INSPIRE A NEW GENERATION OF AMERICANS TO ANSWER THAT QUESTION, WHAT NEXT? RIGHT NOW, AS BILL KENTUCKY, NASA HAS A MISSION GOING BACK TO THE MOON, MARS, THE SON, AND BEYOND, CAPTURING IMAGES OF DISTANT GALAXIES.
YOU CAN ONLY ONCE A DREAM ABOUT THEM EXISTING. WE CAN NEVER THINK WE COULD SEE THEM. THE C.H.I.
P.S. AND SCIENCE ACT CAPTURES THE MAGIC HERE ON EARTH. IT ALSO BUILDS ON THE PROGRESS WE HAVE MADE TO REBUILD AMERICA WITH HISTORIC INFRASTRUCTURE LAW THAT I SIGNED LAST YEAR.
IT WILL MODERNIZE OUR ROADS AND BRIDGES.
IT WILL DELIVER CLEAN WATER AND HIGH-SPEED INTERNET FOR EVERY AMERICAN. THIS IS ONE OF MY MANY TOP PRIORITIES, THE CREATION OF ADVANCED RESEARCH PROJECTS AGENCY AND HEALTH FOR HELP. IT WILL TRANSFORM HOW WE DETECT, TREAT, AND CURE DISEASES LIKE ALZHEIMER’S, DIABETES, AND CANCER. TOMORROW, I AM SIGNING MOST SIGNIFICANT LAW EVER TO HELP VETERANS SUFFERING FROM X THOSE RARE TO TOXINS FROM BURN PITS. [ APPLAUSE ] SOON, I WOULD BE SIGNING THE INFLATION REDUCTION ACT, LOWERING THE COST OF HEALTHCARE AND ENERGY, TO MAKE HISTORIC INVESTMENTS TO TACKLE THE CLIMATE CRISIS.
[ APPLAUSE ] ONCE THAT LAW IS SIGNED, ANY SENIOR, BY THE FIRST OF THE YEAR, NO MATTER HOW HIGH THEIR DRUG BILLS ARE, THEY WILL NEVER HAVE TO PAY MORE THAN $2000 A YEAR, THAT’S ONE SPECIFIC EXAMPLE, BEGINNING IN JANUARY. [ APPLAUSE ] THERE IS A LOT THAT WILL HAPPEN. FOR ALL OF THE DIVISION OUR COUNTRY, SHOWING OURSELVES THAT WE CAN TAKE ON THE BIGGEST CHALLENGES. WE CAN TAKE ON SPECIAL INTERESTS.
DEMOCRACY CAN DELIVER FOR THE PEOPLE OF THIS COUNTRY.
THAT IS WHY I AM CONFIDENT, DECADES FROM NOW, PEOPLE WILL LOOK BACK AT THIS, WITH ONLY A PASS AND ALL WE HAVE MOVED ON. WE MET THE MOMENT THAT THIS INFLECTION POINT IN HISTORY. THIS IS A MOMENT WHEN WE BET ON OURSELVES AND BELIEVED IN OURSELVES, AND RECAPTURED THE STORY, SPIRIT, AND THE SOUL OF THIS NATION.
WE ARE THE UNITED STATES OF AMERICA, SINGULAR PLACE OF POSSIBILITIES. I WILL NOT GO SIGN.
WE ARE LEADING THE WORLD AGAIN FOR THE NEXT DECADES. THANK YOU. [ APPLAUSE ] [ APPLAUSE ].
