Senate Passes $250 Billion Bipartisan Tech Innovation Bill to Counter China
Summary from the AllSides News Team
The Senate voted 68-32 on Tuesday in favor of bipartisan legislation to boost U.S. competitiveness with China by investing about $250 billion in U.S. technology development. Specifically, the bill includes $52 billion for semiconductor production, invests in technologies like artificial intelligence, and creates a new technology directorate at the National Science Foundation. The bill, titled the U.S. Competition and Innovation Act, was initially sponsored by Sens. Chuck Schumer (D-N.Y.) and Todd Young (R-Ind.) in April and faced weeks of debate before it was passed. The Chinese government issued a statement Wednesday morning expressing its “strong dissatisfaction and resolute opposition” to the bill. The bill will now go to the House of Representatives, which may amend it; President Joe Biden said he looked forward to “signing it into law as soon as possible” in a statement issued Tuesday.
Coverage was mostly balanced across the spectrum. Some coverage described the bill as historically significant, with the New York Times calling it “the most significant government intervention in industrial policy in decades” and Fox News saying it could be the “most significant bipartisan achievement for current Congress.”
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From the Center
US Senate passes sweeping bill to counter China tech reach
US Senate lawmakers have approved a massive spending plan to boost technology research and production.
The proposed measures come in the face of growing international competition, particularly from China.
A Beijing official hit back at the bill on Wednesday, saying it "exaggerated the 'China threat'".
The bill, which must pass the House of Representatives before being signed into law, is a rare point of agreement between Republicans and Democrats.
In a vote in the upper chamber of the US Congress, 68 of the 100-member Senate supported the measure, with 32...
From the Left
Senate Overwhelmingly Passes Bill to Bolster Competitiveness With China
The Senate overwhelmingly passed legislation on Tuesday that would pour nearly a quarter-trillion dollars over the next five years into scientific research and development to bolster competitiveness against China.
Republicans and Democrats — overcoming their traditional partisan differences over economic policy — banded together to endorse what would be the most significant government intervention in industrial policy in decades. It includes federal investments in a slew of emerging technologies as well as the semiconductor industry.
From the Right
Senate Passes Bill to Counter and Compete with China
The Senate passed sweeping legislation Tuesday designed to counter and compete with China’s growing power by investing more than $200 billion over the next five years into scientific research and technology.
The bill, called the U.S. Innovation and Competition Act (USICA), was supported by both Republicans and Democrats in the chamber in a 68-32 vote to bolster funding for emerging industrial sectors, namely semi-conductors. The bipartisan approval of the measure signaled that both parties are prioritizing matching the authoritarian Chinese regime’s growing influence on the international stage. It shows a Republican shift from...
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