The final vote was 68-32. Vermont Sen. Bernie Sanders is the only Democrat in the House to vote against the bill. Ninety Republicans cast their ballots in the Democratic primary.
The trip was a victory for most party leader Chuck Schumer, a New York Democrat who co-authored and co-authored the measure, and for President Joe Biden, who has reached the centerpiece of his administration strategy.
Schumer said: “The sweeping law of the United States, called the United States’ Innovation and Competition Law – aims to confront Chinese influence in many ways and” to enhance American innovation and preserve our competitive framework for future generations. “
The bill must also pass through the house before going to Biden’s desk. Foreign Minister Gregory Meeks, chairman of the House Foreign Affairs Committee, introduced a similar bill in parliament last month, but it is unclear how it will be voted on.
Republican senators, including Minority Leader Mitch McConnell, have warned for weeks that they will block the bill unless they get more votes on the GOP amendment. Prior to Tuesday’s passing of the bill, McConnell again argued that Schumer closed the debate too soon and that the bill was “incomplete.”
Despite this concern, the Kentucky Republican president stressed the importance of the law and said it “touches on important issues that will help shape our strategy for decades to come.” “It involves a lot of smart targeted measures, but also a lot more on the table, and so it’s going to be an imperfect approach to the most impactful challenges,” he added.
Schumer strongly backed the GOP’s criticism and pointed to a long-voted list of tax reforms, including 18 Republican reforms and four Democrat reforms.
The effort is the product of several Senate committees, making it one of the few areas of successful bilateral cooperation in the Senate. The basis of the bill comes from a lawsuit filed by Schumer and Republican Sen. Todd Young of Indiana introduced the joint venture last year, known as the Endless Frontier Act.
The bill from Schumer and Young, which includes an investment in a new technology commission at the National Science Foundation to stimulate U.S. technology, has been revised by a bipartisan law from the Senate Foreign Relations Committee called the Competition Law. The Senate’s budget also includes spending $ 54 billion to boost the U.S. semiconductor industry, according to estimates by the Congressional Budget Office, to challenge China’s superiority in global manufacturing and supply chains. More investments in cyber security and biotechnology, according to the Senate’s Democratic findings.
Other components of the bill include a $ 10 billion five-year investment in the Commerce Department to build a regional technology center project, one-third of which will be located in rural areas.
The law also stipulates that steel, steel, manufactured products, and construction materials used in federally funded infrastructure projects are manufactured in the United States. The bill would also regulate the Made in America office system that Biden set up earlier this year by executive order.
White House officials closely monitored – and were involved in – the process of drafting and revising the bill, which they called on lawmakers to bring to Biden’s desk.
The bill serves a number of purposes for the White House, which seeks to enhance its economic capabilities in the face of an increasingly competitive China.
White House officials see the movement of other elements of the collective bill through a separate path as creating more space for other elements of Biden’s economic agenda.
Even before the measures reached the floor, it underwent significant changes, attracting many different policy provisions as it was one of the few legislatures likely to sign the actual law this year.
As the Senate Committee on Trade, Science and Transportation debated and amended the Endless Frontier Act, several items were added, including a country code with a national label for king crabs and a ban on the transportation, sale or purchase of sharks. The commission has added a NASA licensing law to the law, along with a $ 10 billion grant for NASA’s Artemis lunar land project that could benefit Blue Origin, a company owned by Amazon’s Bezos subsidiary of the Washington State Chamber of Commerce. Democracy.
Young disagreed with the Commission’s move to divert funds from the National Science Foundation to the Director of Technology to the National Energy Laboratory – encouraged by senators who have national laboratories in their state – but he backed the measure.
CNN’s Kristin Wilson, Clare Foran and Katie Lobosco contributed to the report.