The United States Innovation and Competition Act (USICA): A Primer
Tom Lee, Juan Londoño
Executive Summary
The United States Innovation and Competition Act (USICA) is a $200 billion proposal aimed at countering China’s influence domestically and abroad.
USICA has gained bipartisan support and has been labeled as “must-pass” legislation, but the negotiation process has resulted in the inclusion of amendments and provisions that deviate from the bill’s original goal.
The bill proposes an expanded role for the federal government in “strategic sectors” – including semiconductors, drones, wireless broadband, and artificial intelligence – with increased funding, supervision, and regulation of various industries.