Schumer Seeking Endgame on $200 Billion-Plus Anti-China Bill
- Legislation would ramp up support for research and development
- House has separate bill, with timeline for compromise unclear
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The U.S. Senate is nearing the finish line for a package of legislation totaling well over $200 billion that’s designed to strengthen U.S. competitiveness against a rising China, with a vote as early as Tuesday.
The bill, which authorizes $190 billion for measures including increased federal research and development spending along with $52 billion in emergency outlays for domestic semiconductor manufacturing, faces at least one more proposed amendment, following a raft of changes last month.