On Tuesday afternoon, the Senate passed the S.1260, a version that was changed from the endless border law of Chuck Schumer who passed billions of funds to strengthen US technology and research. Dubbed the United States Innovation and Competition, also intended to build US manufacturing and technology to compete with options from China, and passed by votes 68 – 32.
As a Reuters record, from $ 190 billion in expenses set out in the bill, more than $ 50 billion is available to “increase US production and research into semiconductors and telecommunications equipment,” with $ 2 billion that focuses on the chip used by car makers – Who has been in a brief supply, delaying production lines throughout the country.
In a tweet after voting, Schumer said “This law will determine the United States on the road to out-innovation, out-produce, and out of the world in the future industry.” The original bill proposed last year committed more than $ 100 billion to improve research and create a regional technology hub, but this version has been expanded to $ 250 billion, because Bloomberg records it is legislation focusing on competition with China.
The bill still covers a $ 10 billion that will go to the trade department which is intended to reshape the city and region as a technology hub, while $ 100 billion for National Science and Technology (NSTF) has changed to $ 29 billion for the Directorate of Technology and New Innovation in NSF which exists.
It also includes provisions for NASA’s expenditure and artemis mission to the moon, but it has not been legal. The house still needs to pass the bill and support bipartisan there is uncertain.