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Rebuilding our Economy

A growing economy provides more opportunity for more Americans.  We’re working to rebuild our economy after dark economic days.  We are committed to building back better by modernizing our crumbling infrastructure to create millions of good-paying American jobs, combating the climate crisis, keeping us competitive on the global stage, and ensuring no community is left behind.

 

  • President Biden signed the Inflation Reduction Act into law, the single largest investment in climate action in American history that will create nine million new jobs in the clean energy industry and lower energy costs for American families by about $1,800 a year: The Inflation Reduction Act became law on August 16, 2022, and makes unparalleled investments in climate, clean energy, and environmental justice that put us on track to meet our aggressive climate goals and to transform our economy for the future.  The bill passed the House on August 12, 2022, and included many climate provisions that passed out of the Committee in September 2021.  The Inflation Reduction Act:
    • Invests $27 billion in nonprofit, state, and local climate finance institutions that support the rapid deployment of low- and zero-emission technologies;
    • Invests more than $15 billion in multiple loan and grant to support the development of innovative technologies and American manufacturing of zero emission transportation technologies;
    • Invests $5 billion for states, municipalities, and Indian Tribes to develop and implement plans to reduce climate pollution;
    • Invests almost $2.9 billion into creating a 21st Century energy grid capable of ensuring the reliable delivery of clean energy throughout the country;
    • Invests $3 billion to community-led projects that address environmental and public health harms related to pollution and climate change;
    • Invests $1 billion in replacing certain heavy-duty vehicles, such as refuse trucks and school buses, with zero emission vehicles through a new grant program;
    • Invests $9 billion in home energy efficiency and appliance electrification rebates and ensures that low-income and underserved communities have access to these energy-saving upgrades;
    • Establishes a Methane Emissions Reduction Program to control excess methane pollution from the oil and gas industry above specific waste emissions thresholds;
    • Invests $5.8 billion for installing and implementing advanced industrial technology at energy intensive industrial and manufacturing facilities; and
    • Invests $3 billion to reduce air pollution at ports and in the communities that surround them.

 

  • President Biden signs the CHIPS and Science Act into law that will bolster our economy and reduce costs for consumers:  The bill was signed into law on August 9, 2022 after passing the House on July 28, 2022.  The law  will lower costs for consumers, create 100,000 good paying American jobs, and end our dangerous dependence on foreign manufacturers of critical goods.  Two key provisions in the law came from the Committee:
    • Appropriations of over $52 billion to ensure more semiconductors are produced right here in the United States – ending our reliance on other countries and lowering costs for consumers for automobiles, consumer electronics, home appliances, and other goods; and
    • Investments of $1.5 billion in the Public Wireless Supply Chain Innovation Fund for the deployment and promotion of Open Radio Access Network, or Open RAN, 5G networks.

 

  • President Biden signs bipartisan infrastructure bill into law following House passage:  This bipartisan infrastructure bill will begin to modernize our crumbling infrastructure, revitalize our economy, create good paying jobs, enhance our competitiveness, and combat the worsening climate crisis.  The once-in-a-generation investment in our infrastructure:
    • Modernizes our power infrastructure by investing $73 billion to build thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy;
    • Accelerates the adoption of electric vehicles to address the climate crisis and support domestic manufacturing jobs by investing $7.5 billion to build out a national network of EV chargers;
    • Ensures Americans have access to safe drinking water by investing $55 billion in clean drinking water, including funding to replace lead service lines and the dangerous chemical PFAS;
    • Addresses legacy pollution that harms the public health of communities and neighborhoods by cleaning up Superfund and Brownfields sites through a $21 billion investment that will help advance economic and environmental justice while helping ensure that polluters pay the bill by reinstating the Superfund tax on chemical companies; and
    • Helps us close the digital divide by investing $65 billion in broadband access, affordability, and adoption.

 

  • Democrats invest in American workers and manufacturing:  On February 4, 2022, the House passed the America COMPETES Act by a vote of 222-210.  The bill lays the foundation to guarantee America leads the global economy and ensures that critical goods are made in the United States by investing:
    • $45 billion for grants, loans, and loan guarantees to support supply chain resilience and manufacturing of critical goods, industrial equipment, and manufacturing technology;
    • $3 billion to fund the establishment of a domestic solar manufacturing supply chain;
    • $1.5 billion to establish a medical supply chain flexibility manufacturing pilot program; and
    • $1.5 billion for the Public Wireless Supply Chain Innovation Fund to fund innovative technologies in the U.S. mobile broadband market.

 

  • All 32 Democratic Committee members introduced the Leading Infrastructure For Tomorrow’s America Act, or LIFT America Act: The sweeping legislation will modernize the nation’s infrastructure, rebuild the economy, combat climate change, and protect public health and the environment. The legislation invests more than $312 billion in clean energy, energy efficiency, drinking water, broadband, and health care infrastructure. As our nation combats COVID-19 and a severe economic downturn, the LIFT America Act fulfills President Biden’s promise to Build Back Better.

 

 

  • Held a legislative hearing on investing in our nation’s infrastructure and the LIFT America Act: The Committee held a full Committee hearing on the LIFT America Act as it begins its work to advance a transformative infrastructure package. The LIFT America Act serves as a blueprint for action moving forward to revitalize our economy and communities.  

 

  • Ensuring Americans have access to safe and affordable drinking water, while also revitalizing our economy and creating jobs:  The Committee advanced three drinking water protection bills with a markup in the Environment and Climate Change Subcommittee on June 16, 2021, and a full Committee markup on June 23, 2021.  Following the Committee markup, two of these provisions were included in H.R. 3684, the INVEST in America Act, which passed the House by a bipartisan vote of 221-201 on July 1, 2021.  The INVEST in America Act is a transformational $759 billion bill to update America’s roads, bridges, transit, rail, drinking water, and wastewater infrastructure.  The drinking water provisions of this bill will ensure Americans’ right to safe, affordable drinking water and protect them from dangerous PFAS chemicals, while also revitalizing our economy and creating new jobs. 

 

 

  • Bipartisan Committee leaders re-introduced several energy bills designed to secure America’s energy infrastructure:  These four bills will strengthen our energy infrastructure by enhancing security and resiliency of our pipelines, LNG facilities, and electric grid, particularly through the Department of Energy (DOE).  These solutions and related cybersecurity legislation will help the DOE respond effectively to physical and cyber threats to our nation’s pipeline and LNG facilities.  On June 10, 2021, the full Committee held a markup to favorably advance these bills to the House.  Later that month, the House passed three of the bills.  

 

  • House passed energy security bill:  On June 22, 2021, H.R. 1374, the “Enhancing State Energy Security Planning and Emergency Preparedness Act of 2021,” passed on the House Floor by a bipartisan vote of 398-21.  This bill will help states address vulnerabilities in their energy infrastructure and modernize it to meet the challenges of the 21st century.

 

  • Held a hearing on the future of vehicle technology:  The Consumer Protection and Commerce Subcommittee held a hearing on May 18, 2021, to see how we can harness these innovative technologies while improving America’s economic competitiveness, strengthening consumer protections, creating and protecting jobs, and growing wages.

 

  • House passes Committee bills promoting wireless supply chains and secure networks:  On December 1, 2021, the House passed three bipartisan bills that aim to strengthen our telecommunications networks for a safer, more secure wireless future. This followed a June 30, 2021, Communications and Technology Subcommittee legislative hearing on several bipartisan proposals to facilitate a safe and competitive wireless future.

 

  • Supported our domestic manufacturing base and assisted the U.S. travel and tourism industry’s recovery from the COVID-19 pandemic:  The Consumer Protection and Commerce Subcommittee held a legislative hearing and a markup in May and June 2022, on legislation that would help crucial industries in the wake of COVID-19 in addition to protecting women from being unfairly charged higher prices for goods and services.