{"id":1577226,"date":"2022-07-28T17:48:43","date_gmt":"2022-07-28T21:48:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1577226"},"modified":"2022-07-28T17:48:45","modified_gmt":"2022-07-28T21:48:45","slug":"house-passes-280-billion-chips-act-without-china-provision-sending-legislation-to-bidens-desk","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-passes-280-billion-chips-act-without-china-provision-sending-legislation-to-bidens-desk\/","title":{"rendered":"House Passes $280 Billion CHIPS Act Without China Provision, Sending Legislation to Biden\u2019s Desk"},"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\">28<\/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%2Fhouse-passes-280-billion-chips-act-without-china-provision-sending-legislation-to-bidens-desk%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=1577226&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. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a measure now nearly two years old. The new legislation, which is now headed to President Joe Biden\u2019s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor industry.<\/p>\n<p>\u201cToday, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper,\u201d Biden <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/07\/28\/statement-from-president-biden-on-house-passage-of-chips-and-science-act-to-lower-costs-create-good-pay-jobs-and-strengthen-our-national-security\/\">said<\/a> in a statement. \u201cIt will lower the costs of every day goods. And, it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.<\/p>\n<p>\u201cThe CHIPS and Science Act is exactly what we need to be doing to grow our economy right now. By making more <a href=\"https:\/\/www.theepochtimes.com\/t-semiconductors\">semiconductors<\/a> in the United States, this bill will increase domestic manufacturing and lower costs for families.\u201d<\/p>\n<p>Many proponents of the legislation were pleased to see its passage and believe that it will be a boon to U.S. manufacturing.<\/p>\n<p>\u201cCongress has recognized the importance of rising to the challenge of industrial planning, of supporting strategic industries, and making sure that we have high tech jobs here in America, but we can\u2019t stop here,\u201d Zach Mottl, chairman of Coalition for a Prosperous America, a nonprofit focusing on trade policy, told The Epoch Times.<\/p>\n<p>\u201cI think that America has been kind of\u00a0laissez-faire, hands off for a little bit too long here. And we\u2019ve lost a lot of opportunities.\u201d<\/p>\n<p>To that end, Biden said the measure would improve jobs and national security by making the United States less dependent on foreign supply chains.<\/p>\n<p>However, many legislators disagree with that statement because of the fact that Democrats <a href=\"https:\/\/freebeacon.com\/national-security\/schumer-stripped-security-measure-from-china-bill-republicans-are-furious\/\">removed<\/a> a provision of the legislation at the last minute that would have prevented U.S. companies from<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a measure now nearly two years old. The new legislation, which is now headed to President Joe Biden\u2019s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor [\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-1577226","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\/1577226","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=1577226"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1577226\/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=1577226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1577226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1577226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}