U.S. House, Senate will negotiate on China tech bill
Information about U.S. House, Senate will negotiate on China tech bill
By Patricia Zengerle and David Shepardson
WASHINGTON (Reuters) -U.S. House and Senate leaders said on Wednesday that lawmakers would negotiate to try to reach final agreement on a bill to boost U.S. technology competitiveness with China and semiconductor manufacturing.
Senate Democratic Majority Leader Chuck Schumer had sought to attach the bill to a $750 billion annual defense policy proposal. He said on Monday he planned to add the U.S. Innovation and Competition Act (USICA) to the National Defense Authorization Act (NDAA), hoping to get it passed so President Joe Biden can sign it into law this year.
USICA includes $52 billion to increase U.S. semiconductor production and authorizes $190 billion to strengthen U.S. technology and research to compete with China.
But the plan to combine USICA and the NDAA faced opposition, with …