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Pelosi Says House ‘Close’ on China Competition, Chips Aid Bill

  • Legislation is major priority for the Biden administration
  • Differences with Senate-passed measure are to be negotiated
Nancy Pelosi on Jan. 20.
Nancy Pelosi on Jan. 20.Photographer: Eric Lee/Bloomberg

Speaker Nancy Pelosi said the House is close to finishing legislation to bolster U.S. competition with China and aid the U.S. semiconductor industry that can be merged with a similar Senate-passed bill, a crucial step toward eventual passage by Congress.

The House’s package is “very close to being ready to go,” Pelosi said Thursday at her weekly press conference.