America COMPETES Act includes Casey provision on Outbound Investment Review, focus on women’s economic empowerment
Washington, D.C. – Today, U.S. Senator Bob Casey (D-PA) released the following statement to announce the inclusion of key trade priorities in the U.S. House of Representatives text of the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (America COMPETES Act).
“My National Critical Capabilities Defense Act with Senator John Cornyn (R-TX) is commonsense, bipartisan legislation that will ensure we have a clear understanding of our critical supply chains and production capacities here at home and are not being forced to rely on China and other economies that don’t play by the rules. Including this bill in the America COMPETES Act is a win for American workers and our national security,” said Senator Casey. “The House legislation also includes provisions to lift up women in trade, a priority that Senator Catherine Cortez Masto (D-NV) and I led in the Senate. When Congress advances this legislation, we will affirm the leadership of the United States in upholding the rights of workers, human rights and supporting women’s full economic participation globally.”
The Senate passed USICA in June 2021. The Senate and House will enter a conference period to reconcile any differences between the two versions. Once the House passes the final version, the bill will head to President Biden’s desk.
Read the National Critical Capabilities Defense Act of 2021 here.