July 18, 2024

AndronETalksNews

AndronETalksNews

Bi-partisan Tech Bill to Protect US Interests Stalls in the House

The Epoch Times

By Danella Pérez Schmieloz

November 20, 2021 Updated: November 20, 2021

 

A comprehensive bill to boost American science and technology⁠ to compete with China’s growing economic power and global influence, particularly regarding semiconductors capacity, has been stalled in the House of Representatives, after being passed by the Senate in June. As a result, proponents are looking for alternatives to turn it into legislation.

The U.S. Innovation and Competition Act (USICA) of 2021 would authorize $190 billion in spending for scientific research and development and $52 billion in funding to boost semiconductor production in the United States. The bill further includes measures to defend friendly foreign semiconductor producers.

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