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Title    Senate Passes $250 Billion U.S. Innovation and Competition Act
Date    Wednesday June 09, @01:36PM
Author    martyb
Topic   
from the sausagemaking dept.
https://soylentnews.org/article.pl?sid=21/06/09/1039204

takyon writes:

Senate passes billions for tech in U.S. Innovation and Competition Act

The Senate voted overwhelmingly to pass the U.S. Innovation and Competition Act, formerly known as the Endless Frontier Act, Tuesday. The bill approves hundreds of billions of dollars in spending for science and technology at a range of government agencies, as well as $52 billion for chip manufacturing. The heavily debated and amended bill now heads to the House, where it faces an uphill battle against key Democrats who have, up to this point, vocally opposed it.

[...] Senators attached a slew of new provisions to benefit certain sectors of the tech industry, including appropriating $52 billion to boost chip manufacturing in the U.S. Another amendment would add $10 billion for NASA's lunar landing program, a provision Sen. Bernie Sanders called "welfare to Mr. [Jeff] Bezos," who owns the space company Blue Origin.

The semiconductor industry applauded the bill upon its passage. "Senate passage of USICA is a pivotal step toward strengthening U.S. semiconductor production and innovation and an indication of the strong, bipartisan support in Washington for ensuring sustained American leadership in science and technology," John Neuffer, CEO of the Semiconductor Industry Association, said in a statement.

Sen. Amy Klobuchar also managed to squeeze in an antitrust provision that would increase filing fees for large mergers.

The final bill includes a litany of oddball items vaguely linked to China — from a prohibition on the sale of shark fins to an exemption on country of origin labeling for cooked king crab. By the time it passed, the bill stretched more than 2,000 pages long.

The mad rush to stuff the bill full of tangential amendments was as good a sign as any early on that the law could actually pass the Senate. But it faces a bigger challenge in the House, where Rep. Eddie Bernice Johnson, who chairs the House Committee on Science, Space and Technology, could block its advancement. Johnson has written publicly about her opposition to the Endless Frontier Act, arguing that it creates a "'shiny new object' that gets the attention of policymakers to the detriment of NSF's fundamental research mission."

Also at CNBC, The Verge, The Guardian, and USA Today.


Original Submission

Links

  1. "takyon" - https://soylentnews.org/~takyon/
  2. "Senate passes billions for tech in U.S. Innovation and Competition Act" - https://www.protocol.com/us-innovation-competition-act
  3. "including" - https://www.reuters.com/technology/senate-democrat-proposes-52-billion-us-chips-production-rd-2021-05-18/
  4. "$10 billion" - https://www.washingtonpost.com/technology/2021/05/21/elon-musk-jeff-bezos-moon-rivalry/
  5. "called" - https://twitter.com/BrendanBordelon/status/1397948476957278211?s=20
  6. "managed" - https://www.protocol.com/merger-fee-senate
  7. "shark fins" - https://www.protocol.com/policy/senate-commerce-endless-frontier
  8. "written" - https://issues.org/bipartisan-vision-future-american-science-policy-eddie-bernice-johnson/
  9. "CNBC" - https://www.cnbc.com/2021/06/08/senate-passes-bipartisan-tech-and-manufacturing-bill-aimed-at-china.html
  10. "The Verge" - https://www.theverge.com/2021/6/8/22457293/semiconductor-chip-shortage-funding-frontier-china-competition-act
  11. "The Guardian" - https://www.theguardian.com/us-news/2021/jun/09/us-senate-approves-50bn-boost-for-computer-chip-and-ai-technology-to-counter-china
  12. "USA Today" - https://www.usatoday.com/story/news/politics/2021/06/08/senate-passes-technology-research-bill-compete-china/7415962002/
  13. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=49173

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printed from SoylentNews, Senate Passes $250 Billion U.S. Innovation and Competition Act on 2021-06-14 08:36:45