Partisan disputes delay sweeping China tech bill in U.S. Senate
By Patricia Zengerle
WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer said on Friday the Senate would resume consideration of a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology on June 8.
The Senate had sought to pass the $250 billion measure on Thursday but the legislation was delayed by Republicans who said Schumer and his fellow Democrats had not allowed enough time to consider amendments.
The U.S. Innovation and Competition Act of 2021, or USICA, authorizes about $190 billion for provisions to strengthen U.S. technology in general, plus $54 billion specifically to increase production of semiconductors, microchips and telecommunication equipment.
The legislation also seeks to counter Beijing's growing global influence through diplomacy, by working with allies and increasing U.S. involvement in international organizations after former President ...
Read More on Datafloq
WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer said on Friday the Senate would resume consideration of a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology on June 8.
The Senate had sought to pass the $250 billion measure on Thursday but the legislation was delayed by Republicans who said Schumer and his fellow Democrats had not allowed enough time to consider amendments.
The U.S. Innovation and Competition Act of 2021, or USICA, authorizes about $190 billion for provisions to strengthen U.S. technology in general, plus $54 billion specifically to increase production of semiconductors, microchips and telecommunication equipment.
The legislation also seeks to counter Beijing's growing global influence through diplomacy, by working with allies and increasing U.S. involvement in international organizations after former President ...
Read More on Datafloq
Comments
Post a Comment