[Congressional Record Volume 170, Number 60 (Tuesday, April 9, 2024)]
[Senate]
[Page S2654]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                         Chips and Science Act

  Now, Mr. President, on CHIPS--the chip program--last week, Americans 
learned that the economy added a whopping 300,000 jobs in the month of 
March, blowing past most expectations and proving, yet again, that 
under Biden and Democrats, the economy is on the right track. Our 
economy has now added a record 15 million new jobs--15 million new jobs 
since President Biden took office--the greatest turnaround of any 
President in all of our history. Last year alone, the economy created 
more jobs than in any year of the Trump administration.
  Across the country, manufacturing and job creation is surging. Just 
yesterday, the President and Secretary Raimondo announced a preliminary 
deal with the TSMC Arizona company to provide billions in Chips and 
Science incentives that will support over $65 billion in private 
investment to build three leading-edge chip fabs in Arizona.
  So let the good news ring from coast to coast: The Chips and Science 
Act, which I worked hard on to pass here in the Senate, along with 
Senator Young--bipartisan--is delivering on its promise to create jobs, 
increase innovation, bring manufacturing back to America, and revive 
forgotten corners of the country.
  Just like the announcements of GlobalFoundries, Intel, and others, 
this week's announcement means new jobs and new economic activity are 
on their way. And there is yet more to come with further investments in 
projects like Micron's proposed $100 billion project in Upstate New 
York.
  With the Chips and Science Act--along with the infrastructure law, 
the Inflation Reduction Act, and the American Rescue Plan--we Democrats 
made historic investments in American manufacturing and workers, and it 
is now clear--very clear--that these investments are paying off even 
more largely than most people thought.
  So while House Republicans spend a lot of energy attacking women's 
choice, calling for cuts to Social Security, and raising the retirement 
age, Democrats are proud of what we have done. We have created jobs; we 
have lowered costs, and we are bringing manufacturing--good 
manufacturing, good-paying jobs--back to our shores.
  So thank you to my colleagues who worked with me on Chips and 
Science, including Senators Kelly, Brown, Cantwell, Wyden, Warner, and 
many more. There is a lot of work to do. The economy still needs help, 
and we can't let up. But America is certainly headed in the right 
direction.
  I yield the floor.
  I suggest the absence of a quorum.
  The ACTING PRESIDENT pro tempore. The clerk will call the roll.
  The senior assistant legislative clerk proceeded to call the roll.
  Mr. McCONNELL. Mr. President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The ACTING PRESIDENT pro tempore. Without objection, it is so 
ordered.