The House passed bipartisan legislation to boost U.S. competitiveness with China by allocating billions of dollars toward domestic semiconductor manufacturing and science research:
"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.
Shortly after that deal was announced, House Republican leaders urged their members to vote down the Chips and Science Act. 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.
Republicans echoed that new stance during floor debates before the vote. Rep. 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.
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. Other critics have argued that the U.S. would have to spend many billions more to have a real chance at competing with the world's leading chipmakers.
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