Stalled China Bill Could Hitch Ride on Must-Pass Defense Measure
- Move could dislodge debate after legislation stalled in House
- Both bills could move through Senate this week, Schumer says
Chuck Schumer
Photographer: Tom Brenner/BloombergThis article is for subscribers only.
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.