Senate Passes Bill to Bolster Competitiveness With China

Senate Passes Bill to Bolster Competitiveness With China

Senate Passes Bill to Bolster Competitiveness With China

09/06/2021 10:07AM

Episode Synopsis "Senate Passes Bill to Bolster Competitiveness With China "

The Senate overwhelmingly passed  legislation on Tuesday that would pour nearly a quarter-trillion dollars  over the next five years into scientific research and development to  bolster competitiveness against China. Republicans  and Democrats — overcoming their traditional partisan differences over  economic policy — banded together to endorse what would be the most  significant government intervention in industrial policy in decades. It  includes federal investments in a slew of emerging technologies as well  as the semiconductor industry.

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