Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 7342) to amend the Public Works and Economic Development Act of 1965 to provide for certain grant eligibility relating to projects that facilitate the relocation, to the…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 7342) to amend the Public Works and Economic Development Act of 1965 to provide for certain grant eligibility relating to projects that facilitate the relocation, to the United States, of a source of employment located outside the United States, and for other purposes, as amended.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and insert extraneous material into the Record on H.R. 7342, as amended.
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, H.R. 7342, the Made in America Jobs Act of 2026, promotes the reshoring of jobs and industry back to the United States. The Economic Development Administration is the only Federal agency whose sole priority is to support economic development and growth in stressed communities nationwide.
The EDA's various funding opportunities, like the Public Works and Economic Adjustment Assistance program, invest in the development of local infrastructure to attract businesses and jobs into distressed and rural communities.
Prioritizing the return of jobs in manufacturing to distressed communities will not only improve the national economy as a whole, but it will also help rebuild the job markets in the small towns and communities that are the backbone of the American economy.
H.R. 7342 advances the President's economic agenda by strengthening American manufacturing, leveraging existing EDA programs to incentivize companies to bring production and manufacturing jobs back to the United States.
Earlier this year, the Committee on Transportation and Infrastructure heard testimony from the EDA about how legislation just like this one, H.R. 7342, will help improve the lives of Americans across the country.
I thank the gentleman from Colorado (Mr. Hurd) for his leadership on this legislation.
Mr. Speaker, I urge support of this legislation, and I reserve the balance of my time.
House of Representatives,
Committee on Financial Services,
Washington, DC, February 27, 2026.
Hon. Sam Graves,
Chairman, Committee on Transportation and Infrastructure,
Washington, DC.
Dear Chairman Graves: I am writing to you concerning H.R.
7342, the Made in America Jobs Act of 2026. There are certain
provisions in the legislation that fall within the Rule X
jurisdiction of the Committee on Financial Services.
In the interest of permitting your committee to proceed
expeditiously to floor consideration of this important bill,
I am willing to waive this committee's consideration of the
bill. I do so with the understanding that by waiving
consideration of the bill, the Committee on Financial
Services does not waive any future jurisdictional claim over
the subject matters contained in the bill. I also request
that you urge the Speaker to name members of this committee
to any conference committee that may be established to
consider such provisions.
Please place this letter in the committee report on H.R.
7342 and into the Congressional Record during consideration
of this legislation on the House floor. Thank you for the
cooperative spirit in which you have worked regarding this
matter and others between our respective committees.
Sincerely,
French Hill,
Chairman.
Mr. Speaker, it is my honor to yield 5 minutes to the gentleman from Colorado (Mr. Hurd).
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, H.R. 7342 is a vital piece of legislation that will help to grow the American economy, bring jobs back from overseas, and strengthen our local communities. This legislation ensures that we are focusing on supporting the local economies that employ our neighbors and allow for increased job opportunities.
Mr. Speaker, I urge support of H.R. 7342, and I yield back the balance of my time.