America COMPETES Act passes House

The two bills now go to a House-Senate conference committee, where a series of policy differences must be reconciled before the bill can move forward.

WASHINGTON, D.C. (February 4, 2022) – The House has passed the “America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (America COMPETES) Act” (textfact sheetsection-by-section). The $350 billion technology research and innovation package would provide $45 billion to bolster domestic supply chains and manufacturing efforts. The bill’s Senate counterpart, the “U.S. Innovation and Competition Act of 2021”, passed in June. The two bills now go to a House-Senate conference committee, where a series of policy differences must be reconciled before the bill can move forward.

 

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The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.

2022-03-15T12:01:40+00:00 February 4th, 2022|News|