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ICYMI: CHIPS is Law, but Competitiveness is a Long-Term Game

The bill signing ceremony for the CHIPS and Science Act marked the culmination of a years’ long effort to bolster the domestic semiconductor industry and strengthen American leadership in science, technology, and innovation. While this bipartisan achievement is significant and worth celebrating, there is more to be done to bolster American competitiveness.

As the ink was drying on the newly enacted law, BPC hosted a conversation with Gary Locke, former U.S. Ambassador to China, and Tom Madrecki, Vice President of Supply Chain and Logistics with the Consumer Brands Association, to discuss what’s next for U.S. competitiveness policy and what it means for consumers.

The event underscored that while much of the discussion around the CHIPS and Science Act centered on American competitiveness vis-à-vis China, competitiveness is a global conversation, with American companies facing competition and regulatory scrutiny from countries around the world.

From workforce to transportation to climate, the event also highlighted the breadth of issues that comprise competitiveness and previewed policies that could be considered in the near future to strengthen the American economy.

Here are some highlights from the event moderated by BPC’s Michele Nellenbach, Vice President of Strategic Initiatives:

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