Senate passes China, semiconductor bill with House set to quickly take up measure

The Senate Wednesday passed a bill aimed at increasing U.S. competition with China by a 64-33 vote, sending the $250 billion measure to the House of Representatives.

The bill, officially called the CHIPS Act of 2022, cleared a 60-vote cloture hurdle Tuesday, setting it on course to easily pass Wednesday. House Speaker Nancy Pelosi, D-Calif., has said she plans to take up the bill quickly and send it to President Biden's desk. 

"It’s been a long journey to get to this point, but history will show that by passing this CHIPS-Plus bill, we are confronting the challenges of today and building a prosperous and secure tomorrow for all Americans," Sen. Todd Young, R-Ind., said on the Senate floor Wednesday.