The House passed sweeping legislation that will invest billions of dollars into American manufacturing and scientific research in a bid to take on China's growing economic dominance.
Bill Clark/CQ Roll Call via AP
Passage of the bill comes nearly eight months after the Senate passed its own version last year. The two chambers will now go to conference over the bill to align the legislation into one final text that must pass both chambers again before it can reach President Joe Biden's desk.
"The semiconductors are microchips that power virtually everything in our everyday lives. From our cell phones to automobiles, refrigerators, the internet, the electric grid without semiconductors, these things do not function in a modern economy," Biden said during his remarks on the January jobs report.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden authorizes $15 million transfer from DNC to House and Senate campaign committeesPresident Joe Biden told party leaders at the White House on Wednesday that he has approved a transfer of $15 million from the Democratic National Committee to help boost the efforts of the party's House and Senate campaign committees, officials said.
Les mer »
Pelosi again warns US athletes to not speak out against China during OlympicsThe California Democrat reiterated Friday that American athletes should keep any unkind word about China’s repressive Communist government to themselves
Les mer »
U.S. House backs sweeping China competition bill as Olympics startThe U.S. House of Representatives on Friday narrowly passed a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition.
Les mer »