Our antiquated immigration system coupled with onerous requirements to study or work here works against our efforts to excel at the latter. homegrown talent and attract the world’s best and brightest talent to our higher education institutions. To succeed in the high-tech arms race, we must both increase U.S. students in STEM than the United States each year. China produces four times as many bachelor’s students and two times as many graduate and Ph.D. also makes few of the most advanced types of semiconductors, which are largely produced in Taiwan, the epicenter of rising political tensions with China.The battle for dominance in high-tech research begins in the classroom and right now China is outcompeting the U.S. share of global chip production also has fallen sharply in recent decades, while China and other nations have invested heavily in the industry. Factory shutdowns at the beginning of the outbreak sidelined chip production in Asia while consumer demand for autos and upgraded home electronics that need the chips surged during the lockdowns. The chips have been in short supply during the Covid-19 pandemic. would have to spend many billions more to have a real chance at competing with the world's leading chipmakers.īut the bill's advocates say it is vital to America's economy and national security to build more chips, which are increasingly critical components in a vast array of products including consumer electronics, automobiles, health-care equipment and weapons systems. Some Republicans who opposed the bill on its own merits said it lacked 'guardrails' to prevent any of the funding from winding up in China's hands.

Eddie Bernice Johnson, D-Texas, responded with a plea for all lawmakers to 'put aside politics' and vote for the bipartisan bill. Frank Lucas, the top Republican on the House Science Committee where many of the bill's provisions had first been hashed out, said he would regretfully vote against it because it has been 'irrevocably' linked to the reconciliation plan. Republicans echoed that new stance during floor debates before the vote. 'The partisan Democrat agenda has given us record inflation, and now they are poised to send our country into a crushing recession,' the office of House Minority Whip Steve Scalise, R-La., said in a memo Wednesday night. They argued against giving multibillion-dollar subsidies to chipmakers at a time of historically high inflation, while also noting the timing of the Democrats' reconciliation deal. Shortly after that deal was announced, House Republican leaders urged their members to vote down the Chips and Science Act. Schumer and Manchin hope to pass their reconciliation package next week with just a simple majority in the Senate, which is evenly split between Republicans and Democrats with Vice President Kamala Harris casting any tiebreaking votes. 'It's been a momentous 24 hours here in Congress, a legislative one-two punch that the American people rarely see,' Schumer said in a post-vote victory lap Thursday afternoon.

Joe Manchin, D-W.Va., revealed that they have struck a deal on a sweeping reconciliation bill. Hours after Wednesday's bipartisan Senate vote, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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