U.S. Senate advances sweeping tech bill taking aim at China
By Patricia Zengerle and David Shepardson
Reuters
WASHINGTON (Reuters) -The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country s ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing.
Senators voted 68-30 to end debate on the $250 billion U.S. Innovation and Competition Act of 2021, or USICA, and move nearer to a final vote on the legislation.
The desire for a hard line in dealings with China is one of the few truly bipartisan sentiments in the deeply divided U.S. Congress, which is narrowly controlled by President Joe Biden s fellow Democrats.
The US Senate on Thursday advanced a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology.
Senators voted 68-30 to end debate on the US$250 billion US Innovation and Competition Act of 2021 and move nearer to a final vote on the legislation.
Senate Democratic Majority Leader Chuck Schumer, who cowrote the legislation, said that the US spends less than 1 percent of its GDP on basic scientific research, less than half of what China does.
“We have put ourselves in a very precarious position of potentially falling behind the rest of the world in the technologies
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