{"id":557782,"date":"2021-06-09T07:21:32","date_gmt":"2021-06-09T11:21:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=557782"},"modified":"2021-06-09T07:21:34","modified_gmt":"2021-06-09T11:21:34","slug":"senate-looks-to-beat-china-in-tech-war-approves-250-billion-for-research-and-development","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-looks-to-beat-china-in-tech-war-approves-250-billion-for-research-and-development\/","title":{"rendered":"Senate Looks To Beat China In Tech War, Approves $250 Billion For Research And Development"},"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\">30<\/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-looks-to-beat-china-in-tech-war-approves-250-billion-for-research-and-development%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=557782&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1322558149-1200x800-1.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p><span>On Tuesday, the U.S. Senate approved a bipartisan, $250 billion bill which seeks to undermine Chinese ambitions in the technological space by boosting U.S. competitiveness, providing funding for technology research and development.<\/span><\/p>\n<p><span>After being delayed before the Senate\u2019s Memorial Day recess, with some Republican senators raising \u201clast-minute concerns about its size and scope,\u201d the bill passed, 68 votes to 32, according to <\/span><a href=\"https:\/\/www.wsj.com\/articles\/senate-approves-250-billion-bill-to-boost-tech-research-11623192584\"><span>The Wall Street Journal<\/span><\/a><span>.<\/span><\/p>\n<p><span>\u201cThe legislation represents a potential landmark effort to turn the tide on several long-term trends in U.S. competitiveness,\u201d the Journal added. \u201cThose include eroding federal investments in research overall and a shrinking share of the world\u2019s semiconductor manufacturing.\u201d<\/span><\/p>\n<p><span>The \u201cU.S. Innovation and Competition Act\u201d will now move to the House of Representatives for approval, and includes subsidies for semiconductor manufacturers and robot makers, as well as \u201can overhaul of the National Science Foundation,\u201d reported <\/span><a href=\"https:\/\/www.cnbc.com\/2021\/06\/08\/senate-passes-bipartisan-tech-and-manufacturing-bill-aimed-at-china.html\"><span>CNBC<\/span><\/a><span>.<\/span><\/p>\n<p><span>\u201cThe scope of the bill, the final product of at least six Senate committees and almost all members of the chamber, reflects the many fronts in the U.S.-China rivalry,\u201d CNBC added. \u201cIt also likely represents one of the last major bipartisan initiatives of 2021, proof that U.S. lawmakers are broadly in favor of legislation that works to counter Beijing\u2019s economic and military expansion.\u201d<\/span><\/p>\n<p><span>\u201cPassing this bill \u2014 now called the U.S. Innovation and Competition Act \u2014 is the moment when the Senate lays the foundation for another century of American leadership,\u201d Senate Majority Leader Chuck Schumer said from the Senate floor on Tuesday evening.<\/span><\/p>\n<p><span>\u201cAround the globe, authoritarian governments believe that squabbling democracies like ours can\u2019t unite around national priorities,\u201d he continued. \u201cWell, let me tell you something: I believe that they are wrong. I believe that this legislation will enable the United States to out-innovate, out-produce, and out-compete the world in the industries of the future.\u201d<\/span><\/p>\n<p><span>\u201cSenate passage of USICA is a pivotal step toward strengthening U.S. semiconductor production and innovation and an indication of the strong, bipartisan support in Washington for ensuring sustained American leadership in science and technology,\u201d said John Neuffer, CEO of the Semiconductor Industry Association (SIA), a trade group that represents a swath of the nation\u2019s chipmaker. \u201cEnactment of these investments would help strengthen America\u2019s economy, national security, technology leadership, and global competitiveness for years to come.\u201d<\/span><\/p>\n<p><span>Meanwhile, President Joe Biden celebrated the bill.<\/span><\/p>\n<p><span>\u201cIt is long past time that we invest in American workers and American innovation,\u201d Biden said in a statement. \u201cWe are in a competition to win the 21st century, and the starting gun has gone off. As other countries continue to invest in their own research and development, we cannot risk falling behind.\u201d<\/span><\/p>\n<p><span>On the other side of the aisle, Sen. Ben Sasse also expressed support.<\/span><\/p>\n<p><span>\u201cAs a China hawk and a fiscal hawk, I would have liked for this bill to take a more focused and aggressive approach to the China threat \u2013 but this is a strong start,\u201d Sasse said in a press release. \u201cThe Chinese Communist Party is working overtime on cyber, AI, and machine learning so that they can become the world\u2019s preeminent super power. We can\u2019t let our foot off the gas.\u201d\u00a0<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the U.S. Senate approved a bipartisan, $250 billion bill which seeks to undermine Chinese ambitions in the technological space by boosting U.S. competitiveness, providing funding for technology research &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2279715,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1322558149-1200x800-1.jpg","fifu_image_alt":"Senate Looks To Beat China In Tech War, Approves $250 Billion For Research And Development","footnotes":""},"categories":[],"tags":[],"class_list":["post-557782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1322558149-1200x800-1.jpg","fifu_image_alt":"Senate Looks To Beat China In Tech War, Approves $250 Billion For Research And Development","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/557782","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=557782"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/557782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2279715"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=557782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=557782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=557782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}