Council Applauds Passage of America COMPETES Act

Dec 22, 2010, 10:44 ET from Council on Competitiveness

Bill Authorizes Key Funding for American Innovation and Entrepreneurship

WASHINGTON, Dec. 22, 2010 /PRNewswire-USNewswire/ -- Deborah L. Wince-Smith, President & CEO of the Council on Competitiveness, released the following statement today regarding the reauthorization of the America COMPETES Act, which passed the House yesterday:

"The Council on Competitiveness applauds the passage of the America COMPETES Reauthorization Act with bipartisan support. By passing this legislation, Congress has taken a critical step in maintaining America's leadership in innovation and entrepreneurship, which serves as the foundation for economic growth and long-term prosperity.

"The America COMPETES Act reauthorization paves the way for the vital funding of research, STEM education and American innovation, and will help keep America competitive through a time of great economic uncertainty. We encourage the 112th Congress to build upon this reauthorization and show their commitment to raising the standard of living for all Americans."

The original legislation, passed in 2007, was rooted in the Council's National Innovation Initiative report "Innovate America" and the follow-up National Academies of Science "Rising Above the Gathering Storm" report, both of which received broad bipartisan endorsement as key drivers in ensuring America's leadership in innovation.

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SOURCE Council on Competitiveness