Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today applauded the bipartisan passage of the Fiscal Responsibility Act of 2023 in the U.S. House of Representatives. The following statement can be attributed to TechNet President and CEO Linda Moore:

“We applaud the House for working together to protect the full faith and credit of the United States and raise our nation’s debt limit. With the default deadline fast approaching, we urge the Senate to quickly pass the Fiscal Responsibility Act. Failure to take immediate action would devastate our economy and raise costs for millions of American families and small businesses.”

Earlier this month, TechNet authored a multi-industry letter signed by 18 other leading organizations urging Congress to fulfill its bipartisan responsibility and raise the nation’s debt without delay.