Senate eyes R&D bill to counter China, bolster manufacturing

Senate eyes R&D bill to counter China, bolster manufacturing

3 years ago
Anonymous $LNMzUc6XNz

https://apnews.com/dcfa00fa3705ae37d422a97c835ab2c0

WASHINGTON (AP) — What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.

The American Innovation and Competition Act is key to President Joe Biden’s infrastructure plans and headed toward crucial votes late Thursday. It’s also a test of whether the split 50-50 Senate can accomplish bipartisan achievements at a time when there’s pressure on Democrats to change the rules to push past obstruction and gridlock.