Senator Rosen, Congresswoman Lee Host Roundtable with Nevada Auto Dealers, Discuss Landmark Legislation to Lower Car Prices, Fix Supply Chain Issues

Rosen, Lee Helped Pass The Bipartisan CHIPS And Science Act That Was Recently Signed Into Law To Bolster American Computer Chip Manufacturing, Lower Consumer Costs 

HENDERSON, NV – Today, U.S. Senator Jacky Rosen (D-NV) and Congresswoman Susie Lee (NV-03) hosted a roundtable with members of the Nevada Franchised Auto Dealers Association to discuss how the recently enacted bipartisan computer chip manufacturing legislation — the CHIPS and Science Act — will help to increase the availability of and keep down the prices of new and used vehicles, supporting local auto businesses and lowering costs for consumers.

“The computer chip shortage has caused major challenges for the American auto industry, including supply chain delays and vehicle shortages, which have caused businesses to struggle and increased costs for hardworking Nevadans,” said Senator Rosen. “Meeting with local auto dealers helped underscore for me how the bipartisan CHIPS and Science Act we passed will help support these Nevada businesses by reducing delays and lowering consumer costs.”

“The chips shortage has created bottlenecks in our supply chain,” said Rep. Lee. “It has hit our auto industry particularly hard, leading to a shortage of vehicles, which has led to higher costs for Nevadans. Today’s discussion underscored just how important it is that we bring manufacturing back home. That’s why I’m proud to have voted for the CHIPS and Science Act, which will bring chips manufacturing back to the United States.”

Due to the global shortage of computer chips and lack of U.S. chip manufacturing, American vehicles — which rely on computer chips to function — have been in short supply, causing a decrease in vehicle sales and high costs for consumers. The bipartisan CHIPS and Science Act will help to fix this issue by investing $52 billion nationwide to tackle the computer chip shortage, shore up America’s domestic supply chains, strengthen our nation’s global competitiveness, and lower automobile costs.