The Senate has approved a multibillion-dollar bill designed to support the U.S. high-tech industry, particularly the domestic semiconductor chip sector, in boosting U.S. competitiveness in face of threats posed by the Chinese regime.
In a 68 to 28 vote, the Senate passed the House’s Democrat-led America COMPETES Act, a controversial bill that was nominally designed to counter China’s influence but also provided funding for climate change projects and labor unions. The House legislation was approved in February by mostly a party-line vote, with Republicans saying that provisions in the bill weren’t tough enough on China.
