WASHINGTON, Aug. 9 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement today on the America COMPETES Act, which President Bush signed into law after it received strong bipartisan support in the Congress:
"Today, the President signed into law the America COMPETES Act -- yet another American priority put forward by the Democratic-led Congress that has taken our country in a New Direction after years of stalled progress in Washington. In the past few weeks, the President agreed to finally implement the independent 9/11 Commission recommendations -- signing into law the first bill we voted on in the House, helping us make America safer -- and the first federal minimum wage increase in a decade took effect, giving millions an overdue pay raise.
"Nearly two years ago, House Democrats launched our bipartisan Innovation Agenda. It helps guarantee our national security and economic prosperity, expands markets for American products, reasserts our leadership throughout the world in the decades to come, and gives future generations greater opportunity to achieve the American Dream. The America COMPETES Act fulfills much of the Democrats' Innovation Agenda.
"By focusing and investing in four key areas -- math and science education, research and development, energy independence, and small businesses -- the America COMPETES Act will launch new thriving industries that will produce millions of good jobs here at home and a better future for the next generation."
SOURCE Office of the Speaker of the House