BGOV Bill Summary: H.R. 4521, U.S.-China Competition Package (1)

Billions of dollars would be authorized to support semiconductors, supply chains, scientific research, and more under a modified version of H.R. 4521, which is aimed at increasing competitiveness with China.

The measure would:

• Provide more than $50 billion over five years for semiconductor research and development.
• Authorize $45 billion over six years for a new Supply Chains for Critical Manufacturing Industries Fund.
• Reauthorize programs at the National Science Foundation and create a new Science and Engineering Solutions Directorate.
• Authorize funding for research and development programs at the Energy Department and for international efforts to address climate change.
• Expand strategic ...