US Congress Moves Closer to Passing Major China Legislation
The U.S. Congress is one step closer this week to passing major legislation addressing competitiveness with China. The America Competes Act passed the U.S. Senate on Monday on a vote of 68-28, setting the stage for the legislation to be reconciled in the U.S. House of Representatives for final passage. A significantly different version of that legislation passed the U.S. House in February on a vote of 222-210. The White House welcomed progress on the legislation in a statement Monday night, saying “there is clear bipartisan support for the sorts of investments the president has long championed — likemore
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