China Bill With Semiconductor Aid to Be Included in U.S. Defense Measure
- Schumer moves to jumpstart action on $250 billion bill
- Senate leader moves to begin debate on legislation this week
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The Senate will add an expansive plan to help the U.S. better compete with China and bolster the U.S semiconductor industry to Congress’s annual defense authorization bill, Majority Leader Chuck Schumer said, jumpstarting action on legislation that’s been stalled for months.
Schumer said on the Senate floor Monday that he will move to attach the nearly $250 billion legislation to spur research and development as well as domestic chip manufacturing as an amendment to the National Defense Authorization Act because the “supply chain crisis needs attending to and we cannot wait.”