U.S. Senate committee leaders have drafted a compromise $110 billion measure for basic and advanced technology research and science over five years and the creation of a White House chief manufacturing officer in the face of rising competitive pressure from China, according to a copy of the 131-page draft legislation seen on Friday by Reuters.
The revised draft bill by Senate Commerce Committee Chair Maria Cantwell and the committee's top Republican Roger Wicker is set to be debated by the committee on Wednesday.
The measure, sponsored by Senate Majority Leader Chuck Schumer, a Democrat, Republican Senator Todd Young and others, would also authorize another $10 billion to designate at least 10 regional technology hubs and create a supply chain crisis-response program to address issues like the shortfall in semiconductor chips harming auto production.
It would also direct the Commerce Department to establish "a supply chain resiliency and crisis response program," including "the ability of supply chains to resist and recover in the face of shocks, including pandemic and biological threats, cyberattacks, extreme weather events, terrorist and geopolitical attacks, great power conflict, and other threats."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Justice Department worried about Arizona Senate recountPHOENIX (AP) — The U.S. Department of Justice expressed concern Wednesday about ballot security and potential voter intimidation arising from the Republican-controlled Arizona Senate's unprecedented private recount of the 2020 presidential election results in Maricopa County...
Read more »
Senate Republicans Move To End $300 Unemployment Checks After Bad Jobs ReportHouse Speaker Nancy Pelosi had a diametrically opposite reaction to the report, arguing it ‘highlights the need’ to pass Biden’s infrastructure plans.
Read more »
Senate Republicans Move To End $300 Unemployment Checks After Bad Jobs ReportHouse Speaker Nancy Pelosi had a diametrically opposite reaction to the report, arguing it ‘highlights the need’ to pass Biden’s infrastructure plans.
Read more »
Arizona Senate assures feds election recount is secureThe Republican president of the Arizona Senate says in a letter to the U.S. Justice Dept. that ballots being recounted from November's presidential election are secure and the department's worries about voter intimidation are unfounded.
Read more »