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Rebuilding and Strengthening American Manufacturing
Posted by Randy | June 07, 2012

It was a pleasure to meet today with representatives from the Virginia Manufacturers Association to discuss tax reform and changes to energy and regulatory policy critical to rebuilding and strengthening American manufacturing.  I recently released a Memo on Jobs in Virginia's Fourth Congressional District that, among other areas, focuses on the need to address regulation that is hurting manufacturers in our communities. 

 

Additionally, I've cosponsored two bills to create national solutions to address manufacturing outsourcing.  The Bring Jobs Back to America Act is a simple but powerful solution that seeks to bring outsourced jobs back to the United States in order to encourage job creation. It would comprehensively align existing federal funding, at no new cost, to organize a national strategy to rebuild America’s manufacturing industry, study incentives including tax breaks for companies looking to return jobs to the United States, and streamline the patent process for American research universities and bring innovative technologies to market faster. Specifically, the bill:

  • Requires the Secretary of Commerce to develop a national plan to energize manufacturing and bring back jobs from overseas;
  • Creates task forces to identify all American companies with manufacturing operations overseas and to work with state and local governments to help return these jobs to the U.S.; and
  • Sets up a study of tax incentives to encourage the return of U.S. jobs.

I have also cosponsored a bipartisan initiative called the National Manufacturing Strategy Act, which promotes policies related to our manufacturing sector intended to promote growth, sustainability, and competitiveness; create well-paying jobs; enable innovation and investment; and support national security. This bill also requires the President to submit a National Manufacturing Strategy to Congress during each presidential term.

Read more about my work on manufacturing and jobs in Virginia's Fourth district here: http://forbes.house.gov/jobs04/
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