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Tribune News Service
Tribune News Service
Business
Riley Beggin

House approves $52 billion in chip funding, teeing up debate with Senate

Members of the U.S. House voted to pass a bill Friday that would appropriate $52 billion for domestic semiconductor chip manufacturing, teeing up debate with the Senate before the policy can become law.

The provision is part of more expansive legislation aimed at increasing U.S. economic competitiveness with China. The House bill, dubbed the America COMPETES Act, passed 222-210 mostly along partisan lines, with only one Republican and one Democrat voting with the other caucus.

The Senate version, the U.S. Innovation and Competition Act of 2021, passed last summer with the support of 19 Republican senators. It also includes $52 billion in chip funding, but does not include several of the climate and trade provisions favored by Democrats that have angered Republicans on the House side.

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