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Congressman votes for bill to address the supply chain

A bill to address the supply chain has been voted on in the U.S. House of Representatives.  4th District Congressman Jim Himes voted for the COMPETES Act, which is designed to help workers and families by making investments in domestic manufacturing and research and development.  The proposal also expands several initiatives related to cybersecurity and artificial intelligence.  Himes says the bill's investments will help companies like ASML in Wilton, which employs more than 16-hundred employees, by bolstering the advanced manufacturing supply chain.  Himes is a member of the the Strategic Technologies and Advanced Research Subcommittee of the House Intelligence Committee.  The COMPETES Act also includes a provision from Himes that would further empower the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department to enact special measures against international individuals or entities engaged in money laundering.  He says drug smugglers, arms runners, sex traffickers, slavers, and other criminals will use any means necessary to avoid having their assets seized or frozen, but this would allow FinCEN to follow the money trail, while maintaining the transparent public-comment period as it exists now.

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Rich Valdes

Local Headlines