Partisan disputes delay sweeping China tech bill in U.S. Senate
By Patricia Zengerle
WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer said on Friday the Senate would resume consideration of a sweeping bundle of legal guidelines supposed to boost the nation’s means to compete with Chinese know-how on June 8.
The Senate had sought to go the $250 billion measure on Thursday nevertheless the legal guidelines was delayed by Republicans who said Schumer and his fellow Democrats had not allowed ample time to consider amendments.
The U.S. Innovation and Competition Act of 2021, or USICA, authorizes about $190 billion for provisions to strengthen U.S. know-how in widespread, plus $54 billion significantly to increase manufacturing of semiconductors, microchips and telecommunication gear.
The legal guidelines moreover seeks to counter Beijing’s rising worldwide have an effect on through diplomacy, by working with allies and rising U.S. involvement in worldwide organizations after former President …