US House unveils China competition Bill, paving way for Senate deal

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WASHINGTON - The House of Representatives has unveiled its legislation to bolster US research and development to better compete with China and aid the domestic semiconductor industry, in a bid to neg

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otiate a final Bill this year with the Senate.

Ms Pelosi and Senate Majority Leader Chuck Schumer announced in November an agreement to work out differences between their two chambers to come up with a single legislative package. "The real question people need to ask themselves is: Do you think it's a good thing that Intel is putting US$20 billion in New Albany, Ohio, and creating 3,000 manufacturing jobs and 7,000 construction jobs," Mr Khanna said in an interview.

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