Business, Freight News

ATA Hails Senate Passage of CHIPS Act

[ August 3, 2022   //   Gary G Burrows ]

American Trucking Associations praised the United States Senate on July 27 for passing the CHIPS Act of 2022 to boost domestic semiconductor manufacturing and urged the House of Representatives to quickly follow suit and send the bill to President Biden for signature.

“Semiconductors and computer chips make our economy and industry run – right down to the trucks we drive – and we have seen the consequences of decades of neglecting domestic manufacturing of these critical components,” said ATA Executive Vice President for Advocacy Bill Sullivan. “Even in an extremely polarized environment, the Senate vote proves our leaders can still come together in a bipartisan fashion to pass critical legislation.”

The CHIPS Act would provide more than $50 billion in direct and indirect investment domestic chip manufacturing passed the Senate earlier today by a 64-33 vote.

“We urge the House to follow the Senate’s lead and pass this important bill so that President Biden can sign it and we can begin the hard work of rebuilding our capacity to manufacture semiconductors here in America – shoring up our national security, shortening supply chains and reducing costs for businesses across the economy,” Sullivan said.

Tags: American Trucking Associations