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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

Transcripts for FOXNEWS Fox News at Night With Shannon Bream 20210602 04:41:00

well, i can tell he was one of the originators of the bill, we started this year and a half ago. we approached senator schumer and senator young and also being a former ceo of a public company, silicon valley companies, we need this for our national security, because the frontier act is about investing a hundred billion dollars in our ten most critical technology security sectors and, you know, you re on the ninety-day shot clock in the business world. and we ve got to do this for the sake of national security. and these are areas like semi conductors, quantum, biotech, cloud computing, all these different areas. because i can you know, the chinese are being subsidized, so this is national security. shannon: and i think that a lot of americans had real concerns about chain of command you know, chain of

Transcripts for FOXNEWS Fox News at Night With Shannon Bream 20210602 04:43:00

plan to control 5g. look, i m just a common sense businessman from ohio. maybe it s because i was raised that way but in the real world, we don t have time to ask if you re republican or democrat. we have to work together on this and i think really a great place to start is for republicans and democrats to put aside, you know it is kind of nonsense and put the onus on china and past things like the frontier act because the american taxpayer shouldn t be on the hook for the lab in wuhan. shannon: well, we know that you ve upset china and up with her opposition that they have sanctioned you, so we will follow that and the facts as well as it makes its way through capitol hill. keith, thank you. thank you, shannon. shannon: i michigan principal tells a top honor student she cannot make christian references in her graduation speech. is that legal? are legal eagles are here to

Transcripts for FOXNEWS Fox News at Night With Shannon Bream 20210602 04:40:00

the frontier act, so americans can invest in our own labs and not wuhan [indiscernible] and taxpayers have to worry about that. and it s really about national security. and at the end of the day, the winner is the american worker and the loser is general secretary she. shannon: let me ask you about that because i know there s bipartisan support for it. there are detractors and just so people have a little basic understanding, about $100 billion would be spent within about five years within a research foundation within the national science foundation as far as i understand it, but senator mike lee says this. he says it would put a massive amount of money towards government bureaucracy producing a system where the government picks winners and losers of industry, creating artificial demand for inefficient technologies, crowding up the good research and develop myth of the private sector already does and increasing our manufacturing cost. he says it s too much like china and not enough l

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