{"id":1571815,"date":"2022-07-26T13:38:12","date_gmt":"2022-07-26T17:38:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571815"},"modified":"2022-07-26T13:38:19","modified_gmt":"2022-07-26T17:38:19","slug":"senate-moves-to-advance-52-billion-chips-funding-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-moves-to-advance-52-billion-chips-funding-bill\/","title":{"rendered":"Senate Moves to Advance $52 Billion Chips Funding Bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsenate-moves-to-advance-52-billion-chips-funding-bill%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571815&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The U.S. <a href=\"https:\/\/www.theepochtimes.com\/t-senate\">Senate<\/a> voted to advance its Chips and Science Bill on July 26, which is aimed at boosting domestic semiconductor production and improving technological competitiveness with China.<\/p>\n<p>The Senate voted to limit debate on the so-called \u201cChips and Science Bill,\u201d in a 64-32 vote. It will now head to a vote and is likely be passed by the Senate, and then move to the House for a vote before going to the President\u2019s desk for signature.<\/p>\n<p>The <a href=\"https:\/\/www.theepochtimes.com\/t-bill\">bill<\/a> is a compromise version of two bills that members of Congress have been working on for more than a year. It will provide funding to spur domestic semiconductor production.<\/p>\n<p>\u201cThis morning, the Senate will draw a clear line in the sand that America\u2019s chip crisis, and America\u2019s dwindling commitment to science and innovation will not continue under our watch,\u201d said Senate Majority Leader Chuck Schumer (D-N.Y.) on the Senate floor prior to the cloture vote.<\/p>\n<p>\u201cIt\u2019s a major step for our economic security, our national security, our supply chains, and, in fact, for America\u2019s future.\u201d<\/p>\n<p>It is believed Congress will act swiftly in order to pass the bill before adjourning for its annual August recess.<\/p>\n<p>Semiconductors, which are used in the production of everything from personal computers to hypersonic missiles, have become a key point of anxiety in the past two years as a global supply chain crisis has wreaked havoc on the United States\u2019 ability to obtain the chips.<\/p>\n<p>If passed by the House, the <a href=\"https:\/\/www.theepochtimes.com\/t-legislation\">legislation<\/a> will provide $52 billion for semiconductor manufacturing to help re-shore development of the vital technology. It will also spend billions more to stimulate research and development on associated technologies.<\/p>\n<p>Congress passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act in January 2021. Since then, however, Democrats and Republicans have failed to reach an agreement<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Senate voted to advance its Chips and Science Bill on July 26, which is aimed at boosting domestic semiconductor production and improving technological competitiveness with China. The Senate voted to limit debate on the so-called \u201cChips and Science Bill,\u201d in a 64-32 vote. It will now head to a vote and is likely [\u2026]<\/p>\n","protected":false},"author":228,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1571815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1571815"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1571815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1571815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1571815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}