China bill including much-needed chips funding stalled in U.S. Congress

Published by
Reuters

By Patricia Zengerle WASHINGTON (Reuters) – Sweeping legislation to boost U.S. competitiveness with China and fund much-needed semiconductor production passed the Senate with bipartisan support in June, but has stalled in the House of Representatives and now faces an uphill climb to become law before next year, if ever. Although President Joe Biden’s Democrats control both the Senate and House, and the White House says competing with China is a top priority, House members said they wanted to write their own bill, not consider the Senate-passed U.S. Innovation and Competition Act, or USICA. Fiv…

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