Tech, Business Groups Urge Congress to Quickly Negotiate China Competition Bill
Twenty-one technology, auto and business groups urged the House and Senate to quickly negotiate a compromise for their China competition bills that would authorize funding for the Chips Act and other domestic semiconductor sector investments. The Democratic and Republican leaders in the Senate and House should “take immediate action to reconcile the two bills” and send a passed version to President Joe Biden, the groups said in a Feb. 16 letter signed by the Semiconductor Industry Association, SEMI, the U.S. Chamber of Commerce, the American Automotive Policy Council and others.
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The House this month passed its China competition bill, which includes $52 billion in funding for domestic chip production for the Chips Act (see 2202030062), and the Senate passed similar funding as part of its China competition bill last year. A prolonged negotiation on a compromise bill “risks placing our country further behind in the competition for economic growth, supply chain resilience, technology leadership, and strengthened national security,” the letter said. “We urge immediate action to commence negotiations and work towards a final compromise bill that can swiftly pass both chambers and send this vital legislation to the president’s desk.”