Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today applauded the bipartisan passage of the U.S. Innovation and Competition Act, formerly known as the Endless Frontier Act. The following statement can be attributed to TechNet President and CEO Linda Moore:

“The U.S. Innovation and Competition Act is one of the largest federal investments in technology, innovation, and R&D in our nation’s history. This bold and bipartisan legislation is needed to ensure American businesses, workers, and communities have the tools, resources, and firepower needed to outcompete foreign adversaries. The bill will lead to new, good-paying jobs across the country, stronger supply chains, and the environment necessary for the next generation of innovations to be born and launched in the U.S.

“Throughout the legislative process, the spirit of the bill remained intact as both parties worked together on a common goal: advancing American innovation and competitiveness. We thank Majority Leader Schumer and Senator Young for their leadership in bringing both parties together to pass this bill. We look forward to working with the bill’s cosponsors in the House, Reps. Ro Khanna (D-CA) and Mike Gallagher (R-WI), as well as other members, to quickly pass this important legislation.”