US Congress Considers Bills to Boost Competition with China

With President Joe Biden’s broader domestic agenda stymied in the Senate, Democratic leaders in Congress have begun looking for legislative victories elsewhere, with a new focus on improving the U.S. ability to compete with China. Democrats in the House of Representatives are attempting to come to agreement on legislation that would provide large financial subsidies to the semiconductor industry as well as generous research and development grants to support supply chain resilience, buoy domestic manufacturing operations and underwrite new scientific research. The effort in the House follows a push in the Senate last year, which resulted in bipartisan passage ofmore