Senator Todd Young, a senator as one of the main negotiating representatives, said on Tuesday that the U.S. Congress may reach an agreement on the China Competition Act in several weeks to resolve a few months of deadlock.
According to Bloomberg, the House of Representatives and the Senate are trying to reconcile the differences in each other's bills.The co -sponsor of the Senate Act and the Indiana Republicans predict that the final result will be closer to the Senate version, including additional climate change clauses.
"I know we can do it," said in the Balance of Power with David Westin program.He said that China was sparing to overtake the United States in the field of science and technology, and urged Biden to continue to put pressure on the Democratic House of Representatives and asked them to agree to compromise.
The bill includes a widely supported clause to take out 52 billion US dollars (about 71.3 billion yuan) to promote domestic semiconductor manufacturing; in addition, there is a series of measures.Promote innovation and bring key industries back to the United States.
Yang's prediction of the agreement reaching an agreement in June is consistent with the timetable proposed by the House of Representatives Nanxi Pelosi last week.Perosi said it hopes that Congress will pass the final version before the Independence Day holiday on July 4.
The White House claims that the bill is the core of its anti -inflation agenda, and believes that increasing competition will promote supply and reduce the price of key industries that depend on semiconductor supply.
