(Ms. SCHWARTZ asked and was given permission to address the House for 1 minute.)
As we seek ways to get America's economy growing again, one part of this effort must be to create the right environment to grow private-sector, cutting-edge jobs and cutting-edge industries. That is why I have joined several of my colleagues in a bipartisan, bicameral basis to introduce legislation that will keep America on the front edge of scientific research and development and offer new opportunities for job creation in America's life sciences industry.
This legislation provides targeted tax credits to promote innovation, entrepreneurship, and new, high-quality jobs here at home. It expands on the research and development tax credit, and allows companies to bring back overseas earnings for the purpose of creating American jobs and investing in American startup companies.
American universities, research centers, and private companies are the world leaders in medical sciences and the development of new medical devices and therapeutics, but we are no longer alone. This legislation will help ensure that our life sciences industries maintain their competitive edge in the global marketplace.
I urge my colleagues to join me in support of innovative small businesses and the new jobs that they create. Let's help them create the cures and treatments of tomorrow right here at home today.
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