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U.S. Senate Majority Leader Chuck Schumer, D-N.Y., pictured March 25, 2021, in Washington, D.C. (Jonathan Ernst/Pool/Getty Images/TNS) Reading Time: 3 minutes
WASHINGTON — Senate Majority Leader Chuck Schumer is seeking to break a logjam on a $250 billion bill aimed at making the U.S. more competitive with China and easing a global shortage in microchips by attaching it to a must-pass Pentagon policy measure that could clear the chamber this week.
The China bill, which passed the Senate with bipartisan support in June but has languished in the House, would boost domestic semiconductor manufacturing with $52 billion in assistance and authorize another $190 billion for research and development at universities and other institutions and other priorities.
The semiconductor money, deemed emergency spending, has new urgency as a global shortage of chips has idled U.S. automotive plants and disrupted the production of consumer electronics.“I have had a number of conversations with senators on […]
Read the rest of this story here: thelibertyloft.com
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