U.S. Senator Todd Young (R-Ind.) issued the following statement Friday after attending the White House ceremony at which President Joe Biden signed into law the China competitiveness legislation Sen. Young helped author:

“Today, America goes on offense against the Chinese Communist Party,” remarks Sen. Young. “We have a national security imperative to ensure we don’t fall behind China in technological innovation, and getting this legislation enacted into law will help ensure America’s global leadership role in science and technology. The Chinese Communist Party actively lobbied against this legislation because they know this bill is bad for China and good for the United States. History will show that by enacting this legislation into law, we are confronting the challenges of today and building a more prosperous and secure tomorrow for all Americans.”

During Senate debate on the legislation, Sen. Young spoke on the Senate floor about its importance. View his full remarks.

Final legislative text is available online, in addition to summaries for the CHIPS and ORAN section, the research and science section and the energy section. Key provisions from Senator Young’s original Endless Frontier Act were maintained in the final version of this bill, including national security investments in key technology areas and the establishment of regional technology hubs.

Among the many touting the bill’s expected impact is Purdue University. Both research and workforce development efforts are likely to benefit, asserts Vijay Raghunathan, professor of electrical and computer engineering.

“We’ve been putting in place a very ambitious plan for essentially educating the next generation of semiconductor workforce engineers and technicians,” he told Inside INdiana Business. “So I think this is perfectly timed to really provide the rocket fuel for Purdue’s initiatives in this space.”

Last year, the Senate passed the United States Innovation and Competition Act, legislation co-authored by Sen. Young with Sen. Chuck Schumer (D-NY). The bill – strongly backed by the Indiana Chamber – would increase American research and development in domestic semiconductors, artificial intelligence, quantum computing, robotics, cybersecurity and hypersonic technology, and create tech hubs across the country.

Greg Ellis is vice president of energy & environmental policy for the Indiana Chamber. He has been with the organization since 2016 and previously was a law judge for the Indiana Utility Regulatory Commission for six years.