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U.S. Innovation and Competition Act aims to make bold $52B investment in semiconductor manufacturing sites like STAMP

Press release: Standing with Rochester Finger Lakes Region business and economic development leaders on Wednesday, U.S. Senate Majority Leader Charles E. Schumer re-upped his push for the Senate to pass his bold, bipartisan initiative next week to propel American leadership in science and technology into the 21st century. The legislation is in the debate process on the floor ....

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Schumer Introduces Legislation To Invest $53 Billion In Domestic Semiconductor Industry, Fuel American Innovation

File photo of U.S. Senator Charles Schumer (2010).
WASHINGTON, DC – Yesterday, U.S. Senate Majority Leader Charles E. Schumer filed the bipartisan U.S. Innovation and Competition Act, which combines Schumer’s Endless Frontier Act, other bipartisan competitiveness bills, and $52 billion in emergency supplemental appropriations to implement the semiconductor-related manufacturing and R&D programs authorized in last year’s National Defense Authorization Act and a program to support legacy chip production that is essential to the auto industry, the military, and other critical industries.
An additional $1.5 billion is provided for implementation of implement the USA Telecommunications Act that was also passed as part of last year’s NDAA to foster U.S. innovation in the race for 5G. This package of innovation bills will receive a final Senate vote in the days ahead. ....

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To Outrun China, Senate to Consider Groundbreaking Legislation | Arent Fox

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The U.S. Senate has kicked off the complicated process of coordinating and passing multi-committee legislation designed to bolster U.S. technological capabilities, expand the U.S. political, diplomatic, and economic toolkit for dealing with China, and curb China’s growing geopolitical influence.

The effort has garnered strong bipartisan support and is likely to yield landmark legislation that will be enacted with strong bipartisan support and the backing of the Biden Administration.
The Senate Committee on Commerce, Science, and Transportation held a business meeting on the bipartisan
Endless Frontier Act on May 11, 2021, and voted 24-4 to advance the bill. The ....

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Bipartisanship Lives! The Amazing Convergence on China Policy

Bipartisanship Lives! The Amazing Convergence on China Policy
Mark Schiefelbein/AP Photo
Chinese staffers adjust the U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, February 2019.
In todayâs poisoned partisan atmosphere, where Republicans are laying systematic plans to steal the 2022 election and using the filibuster to block much of the Biden program, one remarkable island of bipartisanship stands outâChina policy.
Next week, Senate Majority Leader Chuck Schumer is likely to bring to the Senate floor a stunningly tough China bill, with wide Republican support. The bill is expected to pass overwhelmingly. ....

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