President Signs America COMPETES Act

WASHINGTON—Council on Competitiveness president Deborah L. Wince-Smith made the following statement today after President George W. Bush signed the America COMPETES Act into law in a White House ceremony.

“The Council on Competitiveness and its private sector leadership applaud President Bush and the bipartisan efforts of Congress in the passage of the America COMPETES Act. The statute, which was called for in the Council’s Innovation Initiative report, Innovate America, is imperative to strengthening U.S. competitiveness and individual prosperity. The America COMPETES Act is a significant step toward a national innovation agenda, but does not guarantee America’s economic success. We must continue our national efforts to secure the funding for research and life-long learning opportunities, to make permanent R&D tax credits and to achieve a high-skilled immigration reform policy.”