Senate Passes Broad China Legislation
The Senate voted 68-32 this week to approve a comprehensive China package that would authorize a host of measures to address trade and technology competition issues with China. The U.S Innovation and Competition Act of 2021 has provisions from both…
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the Strategic Competition Act (see 2104210038) and the Endless Frontier Act (see 2105130025), including measures that would incentivize more domestic semiconductor manufacturing and research. President Joe Biden said June 8 that he looks forward to working with the House to pass the legislation and that he hopes to sign “it into law as soon as possible.”