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

“In order to compete globally, America needs bold, bipartisan action that spurs innovation, creates good-paying jobs, and helps communities thrive across the country. Federal investments will ensure America’s businesses and workers have the tools, resources, and firepower needed to compete globally, and that the United States remains the best place to start and grow a business.

“We are glad to see movement on this legislation in the U.S. House of Representatives and are encouraged by the commitment that leaders in the House and Senate have shown to advance this bill and invest in American innovation, increase opportunities for U.S. workers, and strengthen our global competitiveness.”

Last year, TechNet also applauded the bipartisan passage of the U.S. Innovation and Competition Act in the U.S. Senate.