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Biden Team, Top Democrat See Slimmer Bill Key to Chips Funding

  • Raimondo says China competition bill could be scaled down
  • Partisan fight, House-Senate differences have stalled action
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The Biden administration signaled support for scaling down a China competition bill to $52 billion in funding for US semiconductor production and a few other broadly-backed provisions as a way to get the long-delayed measure passed quickly.

Commerce Secretary Gina Raimondo said as she left a briefing for senators that lawmakers in both chambers of Congress are “coalescing around a chips-plus kind of a bill, and if that were to happen we would be supportive of that.”