Democrats Seek Path Through House for Competitiveness, Chip Bill
Source: Bloomberg
House Democrats are maneuvering to quickly pass legislation to bolster the semiconductor industry and support U.S. innovation by adding parts of a Senate bill passed this week to an existing House measure, aiming to counter the economic challenge from China.
Under the strategy being considered, the House Science Committee would amend a measure it’s set to begin working on next week to wrap in elements of the $250 billion package that cleared the Senate in an overwhelmingly bipartisan vote, according to two people familiar with the negotiations.
The goal is to win passage of a version of the legislation by August, an outcome that would hand President Joe Biden a major bipartisan victory. The Senate measure calls for $52 billion in funding to boost U.S. output of computer chips after a shortage that slowed production in the automotive sector and other industries.
The measure won’t include some of the provisions directly targeting China, including restrictions on research money for universities, that Senate Republicans demanded and progressive Democrats oppose, one of the people said.
Read more: https://www.bloomberg.com/news/articles/2021-06-10/democrats-seek-path-through-house-for-competitiveness-chip-bill?utm_source=google&utm_medium=bd&cmpId=google
While this is not going to help me find a new RTX 3080ti any time soon, it is about time that the U.S. really begin to take seriously developing critical infrastructure at home. While Trump has happy to start trade wars that helped deepen pandemic related shortages, the only thing Trump wanted to build domestically was his wall.
https://www.cnbc.com/2021/06/08/senate-passes-bipartisan-tech-and-manufacturing-bill-aimed-at-china.html
The Senate on Tuesday passed one of the largest industrial bills in U.S. history in a bipartisan effort to ensure the U.S. remains competitive with China as one of the globe’s technological powerhouses.
The bill, which passed the chamber 68-32, commits roughly $250 billion in funding for scientific research, subsidies for chipmakers and robot makers, and an overhaul of the National Science Foundation.
The scope of the bill, the final product of at least six Senate committees and almost all members of the chamber, reflects the many fronts in the U.S.-China rivalry.
It also likely represents one of the last major bipartisan initiatives of 2021, proof that U.S. lawmakers are broadly in favor of legislation that works to counter Beijing’s economic and military expansion.
