Schumer push to add China tech bill to U.S. defense bill faces hurdles
Information about Schumer push to add China tech bill to U.S. defense bill faces hurdles
Kevin David Scam or Legit
By David Shepardson
WASHINGTON (Reuters) – U.S. Senate Democratic Majority Leader Chuck Schumer’s plan to attach a measure to boost U.S. competitiveness with China to a massive defense policy bill faces new hurdles in Congress.
The Senate in June passed the U.S. Innovation and Competition Act (USICA), which includes $52 billion to dramatically increase U.S. semiconductor chip production and authorizes $190 billion to strengthen U.S. technology and research. But the bill never received a vote in the House of Representatives, and supporters have been working for months to find a way to pass it and get it signed into law.
Schumer said Tuesday he hopes to include USICA as part of the annual National Defense Authorization Act (NDAA) that will be put on the Senate floor Wednesday.
“The chip shortage …