House Unveils China, Chips Bill, Paving Way for Senate Deal (1)

The House of Representatives unveiled its legislation to bolster U.S. research and development to better compete with China and aid the domestic semiconductor industry, in a bid to negotiate a final bill this year with the Senate.

“Major components of this package have already passed the House with overwhelmingly bipartisan votes, and we look forward to conferencing this bill with the Senate to get legislation to the President’s desk as soon as possible,” House Speaker Nancy Pelosi said in a statement.

Nancy Pelosi

Photographer: Eric Lee/Bloomberg

The bill is a priority for President Joe Biden’s administration, particularly the nearly $52 billion in grants ...