I would like to thank the ranking member for yielding me time. Madam Chair, I rise to object today to the consideration of this bill and rather propose that we stand in this House and we consider Mr. Hoyer's Make It In America package. We…
I would like to thank the ranking member for yielding me time.
Madam Chair, I rise to object today to the consideration of this bill and rather propose that we stand in this House and we consider Mr. Hoyer's Make It In America package. We can come together and focus on real solutions that will get our economy moving again, and we should take up Mr. Hoyer's Make It In America package because it will strengthen our economy and create non-outsourceable jobs at home, here in America. The Make It In America package includes bills like mine, H.R. 1022, the Securing Energy Critical Elements and American Jobs Act of 2013 that will help secure America's place as a leader in science and technology with a 21st century workforce.
What are rare Earth elements? Well, these are 17 chemical elements-- elements that, prior to coming to Congress and learning about how they affect our economy, I couldn't point out at pistol point--that are very critical to making cell phones, to making our electric cars, and also to making our antimissile systems. Despite the name, they are very abundant in our country and they can be extracted in an environmentally safe manner.
So what's the problem? Well, today, 97 percent of rare Earth elements are extracted and exported from China. Eighty percent of rare Earth magnets and almost 100 percent of related metal production are coming from China. In 2010, China temporarily cut off rare Earth supplies to Japan, the European Union, and the United States, highlighting the potential consequences to the United States for relying so heavily upon China for rare Earth production that is so crucial and critical to what we can create here in America.
My district includes northern Silicon Valley, home of silicon chip processing, home of the technology boom, home of the Internet, and also home of many advanced manufacturing production sites. H.R. 1022, the Securing Energy Critical Elements in American Jobs Act of 2013 aims to help reduce our dependence on China for these critical elements and instead make it here in America. But in order for us to do this, we need to invest in developing our technical workforce here at home.
Currently, the United States lacks the necessary technical expertise to ensure a reliable supply of energy critical elements. My bill, H.R. 1022, enlists the talents of our university students and encourages them to develop the technical expertise necessary to secure America's access to these elements. We need to ensure that the best and brightest minds in our area and our country have the tools and support they need to support America's access to energy critical elements. H.R. 1022 will promote collaboration and research opportunities in the fields of energy-critical elements for students at higher institutions, and coordination of Federal agencies to promote a stable supply of energy- critical elements.
We also have in my congressional district what's called the ``Tri- Valley,'' or, as I like to call it, the ``I Valley,'' or the ``Innovation Valley.'' This area also would rely upon energy-critical elements. And as the ranking member said, we have an opportunity today to work in a bipartisan fashion. Unfortunately, I do not see us doing that. So I would conclude by asking that we come together.
Also, in my bill there's a loan guarantee for companies with new processing and refining technologies. The Securing Energy Critical Elements and American Jobs Act of 2013 will help to spur private investment in companies on the forefront of this critical field. It's very important that we have the Federal Government at the very inception, in the beginning, providing the research and Federal funding. But most important is to get it out into private industry. And that's what this bill calls upon.
So, again, I urge my colleagues to stop wasting time with partisan bills like this today. Instead, let's come together to train and secure a 21st century workforce. Let's harness our own resources. Let's Make It In America, and we can help all Americans make it.