WASHINGTON – U.S. Sen. Mark R. Warner (D-VA), Chairman of the Senate Select Committee on Intelligence, issued a statement after the House of Representatives voted 243-187-1 to approve the CHIPS and Science Act of 2022, a historic bill to incentivize domestic manufacturing of semiconductors and improve U.S. technological competitiveness:

“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. more than two years ago. 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 on a variety of goods both large and small.

“This bipartisan bill will lower costs for families, strengthen our national security, and create good-paying manufacturing jobs here in the United States. I am glad that after years of unnecessary delay, it is finally being sent to the President’s desk.”