The leader of the Democratic majority in the Senate, Chuck Schumer, said that he would add to the budget bill a provision on improving the competitiveness of the United States with China, which the upper house of Congress should begin considering this week.
“The crisis in our supply chain needs attention, and we cannot wait,” Schumer said in the Senate, announcing that the National Defense Authorization Act (NDAA) will be amended to include the Innovation and Competition Bill (USICA).
The Senate passed its version of USICA, but the bill did not get enough votes in the House of Representatives.
Over the weekend, Reuters reported that lawmakers supporting USICA are considering adding its provisions to the defense budget bill.
68 legislators supported the bill in the Senate. If passed by both houses of Congress, this measure will allocate $190 billion to strengthen the development of technology and research in the United States, as well as an additional $54 billion to increase production and research in the field of semiconductors and telecommunications equipment.
As soon as the Senate approves its version of the NDAA, negotiators in both chambers of Congress will begin working on a compromise version of the budget, after which it will have to receive support in the Senate and the House of Representatives again and then go to President Biden for signature.