Senators expect a procedural vote this week on a pared-back China competition bill (H.R. 4521) that would include, at a minimum, $52 billion in incentives and an investment-tax credit for US semiconductor manufacturing.
Leadership circulated text and a summary of legislation that would include $52 billion in grants and incentives to attract chip companies to the US along with money for training and wireless technology, according to a person familiar with the matter, Daniel Flatley reports.
It would also include restrictions on investing in China and Russia for companies that receive federal assistance. Some restrictions on stock ...
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