Senate Passes Bill Bolstering US Manufacturing In Effort To Compete With China
The Senate passed a bill intended to bolster America’s manufacturing and technological edge against China, advancing it with bipartisan support after earlier Republican objections to certain provisions stalled it for over a week.
The legislation, dubbed the United States Competition and Investment Act, would inject $250 billion towards chip manufacturing, artificial intelligence, robotics, quantum computing and more. It passed 68 to 32, clearing the chamber’s 60-vote threshold.
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