by Andrew Trunsky
The Senate is poised to pass a sweeping bill aimed at improving America’s manufacturing and technological edge against China after 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 semiconductor manufacturing, artificial intelligence, robotics, quantum computing and more, and could be voted on as soon as Tuesday. It advanced in the chamber with 68 votes before senators left for Memorial Day weekend, making it one of the few major bills to receive significant bipartisan support from this Congress.
“Around the globe, authoritarian governments smell blood in the water,” said Senate Majority Leader Chuck Schumer on the Senate floor amid the bill’s debate.