02/04/2022

The House Passed a Bill Aimed at Boosting U.S. Competitiveness With China

The bill is the House's reply to $250 billion Senate bipartisan competition bill

The House passed a bill Friday that Democrats say will increase U.S. semiconductor manufacturing and boost American competitiveness with China. The America Competes Act passed, 222-210, largely along party lines.

House Speaker Nancy Pelosi, D-Calif., said the bill "will ensure that America is preeminent in manufacturing, innovation and economic strength and can outcompete any nation."

The bill has a number of provisions, including $52 billion to make chips, $45 billion to improve supply chains for critical items, and $160 billion for scientific research and innovation.

Please select this link to read the complete article from NPR.