WASHINGTON – An expansive bill aimed at reinvigorating America's technological footprint to counter China passed the Senate on Tuesday and now heads to the House, where it faces a competing bill and somewhat murky future.
President Joe Biden praised passage of the bill making generational investments in American workers. "This legislation addresses key elements that were included in my American Jobs Plan, and I am encouraged by this bipartisan effort to advance those elements separately through this bill," Biden said in a statement. "It is long past time that we invest in American workers and American innovation.
The bill would boost funding for research and technology manufacturing to increase America's competitiveness, strengthen national security and grow the economy. Schumer said Tuesday he has already spoken with House Speaker Nancy Pelosi, D-Calif., and expects to reach a compromise between the chambers to send to President Joe Biden.What does the Senate bill do?
The broadened bill establishes a new directorate for technology and innovation at the National Science Foundation to ensure $100 billion of funding is funneled to the development of artificial intelligences, semiconductors, robotics and high-performance computing.
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