Senate eyes R&D bill to counter China, bolster manufacturing - New Delhi Times - India's Only International Newspaper
May 28, 2021 Share WASHINGTON — What started as a pragmatic effort to boost scientific research and development has morphed into a sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing. The American Innovation and Competition Act is key to President Joe Biden’s infrastructure plans and was heading toward final passage despite some glitches late Thursday. It’s also a test of whether the split 50-50 Senate can accomplish bipartisan achievements when th...