Senate Clears Start of Conference Talks on Compromise Chips Bill
The Senate voted 67-27 Thursday to formally begin conference talks aimed at marrying elements of the House-passed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (HR-4521) and Senate-passed U.S. Innovation and Competition Act (S-1260). Commerce Secretary…
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Gina Raimondo again pressed lawmakers during a Wednesday Senate Commerce Committee hearing to move forward on talks to produce a compromise innovation measure, citing the need to bolster the U.S. semiconductor manufacturing industry (see 2204270065). Both measures include $52 billion in subsidies to encourage U.S.-based semiconductor manufacturing (see 2201260062) but differ in other areas.