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Updated Post 7/28/22
Passed in the House 243-187. On to the president for signing:
Congress passes bill boosting US semiconductor production
CNN
Updated Post 7/26/22
Bill passed in the senate today. Was the key thing they were working through this week before the August recess.
Senate passes bipartisan bill investing $52 billion in US semiconductor production
CNN
Original Post 7/19/22
So one of the major items on the senate docket is a semiconductor investment bill. Though seen as a bipartisan initiative, McConnell has come out recently threatening to try to pull back GOP votes for this bill if Democrats continue to push for a reconciliation bill with Build back better. This seems to be an empty threat however or something he can’t control. Schumer is scheduling a procedural vote this Tuesday and a real vote expected next week. A summary of the bill
Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying
Bloomberg
Congress bill info
Passed in the House 243-187. On to the president for signing:
Congress passes bill boosting US semiconductor production
CNN
The House of Representatives on Thursday passed a long-awaited bill aimed at boosting US semiconductor production in a bid to increase American competitiveness, a bipartisan achievement that will send tens of billions of dollars into American manufacturing and scientific research.
The final vote was 243-187 with one Democrat, Rep. Sara Jacobs of California, whose family founded the Qualcomm telecom company, voting present. Twenty-four Republicans crossed over to join Democrats in backing the bill, despite House GOP leadership whipping against the package.
The bill passed the Senate on Wednesday with broad bipartisan support, meaning it now goes to President Joe Biden to be signed into law.
The vote was closer than originally anticipated. Following Senate Democrats' announcement of a deal on Wednesday evening for a separate economic package, Republican sources told CNN that House GOP leaders would whip against the semiconductor legislation, reversing their earlier stance.
The legislation is aimed at addressing a semiconductor chip shortage and making the US less reliant on other countries such as China for manufacturing. Supporters say the measure is important not only for US technological innovation, but for national security as well.
Updated Post 7/26/22
Bill passed in the senate today. Was the key thing they were working through this week before the August recess.
Senate passes bipartisan bill investing $52 billion in US semiconductor production
CNN
The Senate voted Wednesday to pass a long-awaited bill aimed at boosting US semiconductor production in a bid to increase American competitiveness.
It passed with broad bipartisan support, 64 to 33.
The measure now goes to the House for approval before it can be sent to President Joe Biden for his expected signature.
Original Post 7/19/22
So one of the major items on the senate docket is a semiconductor investment bill. Though seen as a bipartisan initiative, McConnell has come out recently threatening to try to pull back GOP votes for this bill if Democrats continue to push for a reconciliation bill with Build back better. This seems to be an empty threat however or something he can’t control. Schumer is scheduling a procedural vote this Tuesday and a real vote expected next week. A summary of the bill
Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying
Bloomberg
The legislation is a scaled-down version of a more expansive bill intended to make the US more competitive with China in technology and advanced manufacturing. That legislation has been hung up in negotiations between the House and Senate over how to merge their different versions.
In addition to the chips money, a draft bill circulated by the Senate leadership includes a 25% investment tax credit for manufacture of semiconductors and tools to create semiconductors, $500 million for an international secure communications program, $200 million for worker training and $1.5 billion for public wireless supply-chain innovation, according to a copy of the text obtained by Bloomberg.
Congress bill info
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