Council Calls for Passage of America COMPETES Act

Dec 21, 2010, 10:07 ET from Council on Competitiveness

Reauthorization Would Provide Critical Investments in Science and Technology

WASHINGTON, Dec. 21, 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 Senate with unanimous consent last week and is awaiting action in the House:

"The Council on Competitiveness applauds the Senate's passage of the America COMPETES Reauthorization Act with bipartisan support, and we are now calling on the House to cast a vote for American prosperity by sending this legislation to the President's desk this week.

"The COMPETES Act will authorize over $40 billion in support for research, STEM education and American innovation, and will help keep America competitive in the face of rapidly accelerating competition from around the globe. Even during a time of great fiscal difficulty, we cannot afford to abandon our commitment to science and technology, which will serve as the foundation for the next era of economic growth.

"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.

"By reauthorizing the COMPETES Act, we are recognizing the continuing threats to our technology leadership and taking decisive action to meet those challenges."

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SOURCE Council on Competitiveness