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Congress OKs bill to aid computer chip firms, counter China | myMotherLode.com

July 29, 2022
Source: mymotherlode.com mymotherlode.com
News Snapshot:
WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China. The House approved the bill by a solid margin of 243-187, sending the measure to President Joe Biden to be signed into law and providing the White House with a major domestic policy victory. About two-dozen Republicans voted for the legislation. “My plea is put politics aside. Get it done,” Biden said before the vote, adding it would...
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