House Democrats press for vote on US-China competition bill | Business and Economy

Legislation would provide $52bn to support domestic chip research and $45 bn to improve supply chains.

By Billy House and Daniel FlatleyBloomberg

Published On 2 Feb 20222 Feb 2022

House Republicans criticized a Democratic-led bill intended to make the U.S. economy more competitive as filled with concessions to China, throwing up obstacles to a measure that would also aid the domestic semiconductor industry.

Democrats are aiming for a House vote this week on their version of legislation envisioned as a vehicle for bolstering U.S. manufacturing and research and development.

While Democrats have the votes to push the legislation through the House, Republican opposition will increase the difficulty of negotiations ahead to find a compromise with the Senate, which passed a similar $250 billion measure with bipartisan support last June.

Provisions in the legislation include $52 billion to support domestic chip research and production amid a global…

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