WASHINGTON — The U.S. House introduced its version of legislation that would allocate $52 billion for semiconductor chip manufacturing late Tuesday, teeing up debate with the Senate that could prompt movement on the long-stalled funding.
The funding has been a priority for the Biden administration, for auto industry leaders and for many of Michigan's members of Congress as an ongoing global chip shortage has forced up prices for consumers and cost the auto industry billions in lost revenue.
The Senate passed a version of the legislation aimed at competing with China last June, but it failed to gain momentum in the House amid policy disagreements.
