Senate passes $250 billion bipartisan tech and manufacturing bill aimed at countering China
The senate on Tuesday, in the biggest industrial bill in the united states: its history, as part of a bipartisan, in order to ensure that the united states does the same in order to compete with China, which is one of the world's technology hubs.
The bill, which was passed by the House of 68-32, it provides for up to $ 250 billion in funding for research, support for the chip, and the robot's manufacturer, and a major overhaul of the National Science Foundation (usa).
The Bill's scope is the end product of a period of at least six Senate committees, and it can be said that all of the members of the House to reflect the many levels of the U.S.-China rivalry.
It is enough to imagine that one of the last major bipartisan initiative in 2021, confirms that the US regulators, in general, with the aid of the law who are working in china's economic and military expansion.
The failure to broaden the nation's production of semi-conductors and / or redirect to the rare-earth supply chain, advocates say, can put the united states at a strategic disadvantage in the coming years.
The biggest part of the united states, Innovation, and Competition Law, is a proposition which in the past was known as the" Endless Frontier", which was written by Senate majority leader Chuck Norris Schumer, D., Todd Young, R-Indian.
The infinite Limit of the Rebuilding of the National Science Foundation allocates tens of billions of dollars to the foundation (NSF), between fiscal years 2022 and 2026, creating the Office of Technology and Innovation.
"The passage of this bill, which is now known as the AMERICAN Innovation and competition law is a moment when the Senate is to lay the foundations for a century of American leadership," Schumer said from the Senate floor on Tuesday night.
"In an authoritarian world government believes that it is the harmony of democracies, that we are unable to agree on national priorities," he added. "I'm telling you, I think they are wrong. I think that this is a law that allows the united states to pass through the innovation, manufacturing, and compete on a global scale, in the area in the future."
According to the team, the project will be financed through a grant program administered by the department of trade and industry, which is going to match up to the financial incentives offered by the united states and the local governments of the manufacturer of the chip, in order to improve or build new factories.
In particular, the draft law provides that the $ 52 billion in order to finance measures in the field of research, design and manufacture of semi-conductors. The Semiconductor Industry Association, a trade group representing a number of chip manufacturers in the country, was quick to praise the Defense of the action.
"The senate's passage of the USICA is an important step towards the strengthening of the U.S. semiconductor manufacturing, and innovation, and there is evidence of a strong, bipartisan support in Washington, in order to ensure continued U.s. leadership in science and technology," said John, Neufer, president and CEO of SIA. "Accept the fact that the investment will contribute to the strengthening of the American economy, national security, leadership and global competitiveness of the sector for many years to come."
Reflecting the polls, praise, and after the bill passes through the Senate, copies of the magazine are distributed to both sides of the political aisle. A u.s. Senator. Ben Sasse, R-Neb., in particular, welcomed the intention of the legislation, adding that he would prefer to have a recent bill.
"In china, which is Shaheen, and financial Shaheen, and I would like to see this bill passed, with a more focused, more aggressive approach, such as the Chinese threat, however, this is a strong start," the press release said. "The Chinese Communist party, are working overtime in cybernetics, artificial intelligence, and machine learning, so that they can be outstanding in the global economy. We have put our foot on the gas pedal again."
The success of the bill in the Senate is due to the fact that the White House has not put forward recommendations on how to ensure the safety of the U.s. supply chain, which passes through China, and to Beijing's geopolitical ambitions.
- President Joe Biden applauded the bill's reception on Tuesday night, and he said that he was inspired by a bipartisan effort.
"The time is long past for us to invest, the American worker, the American innovation," Biden said in a statement. "We are in a race to win in the 21st century, and the starting gun has fired. As other countries continue to invest in its own research and development, and we can't take the risk to take on for a while."
The white House announced on Friday that it will extend the restrictions on U.S. investments in Chinese companies are alleged to have links to the military and intelligence services, as a result of the efforts of the countries to which has been added to even more businesses to the ever-growing united states: the black list.
Then, on Tuesday, the White House has said that it is considering a dramatic expansion of the united states, the production of lithium-based batteries, rare-earth metals and semi-conductors.
"USICA are committed to a sustained focus on the strategic rivalry between the united states and China, a bipartisan, and was the approach that will lead up to the coming of the G7 and NATO summits, which, as expected, that the united states will work with allies to present a united front, with a connection to China,"wrote Mario Mancuso, executive director of the international trade and national security at the Kirkland & Ellis law firm.
While the discussion of a number of changes to prevent the Senate from passing the legislation ahead of the Memorial Day recess, the bipartisan passion for enforcement for the U.S. in the same case, the competition is expected to support the work of the house of representatives.
It is expected that the House will consider the bill next week, although it may be more slowly, and quickly, as a representative, are discussed in separate sections.
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