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What's in the China competitiveness bill? - WISH-TV

What's in the China competitiveness bill? - WISH-TV

Here’s what we know about it so far: The bill would provide more than $50 billion over five years to subsidize semiconductor manufacturing, a move aimed at competing with China and addressing the global chip shortage that’s disrupting supply chains for things like cars, smartphones and appliances.About $81 billion would be allocated to the National Science Foundation, including $29 billion over five years for the new directorate, which would establish 10 focus areas including artificial intelligence, robotics and biotechnology.The bill would provide $10 billion over five years to the Department of Commerce to create regional tech hub programs.The legislation would requires that the iron, steel, manufactured products and construction materials used in federally funded infrastructure projects is produced in the United States.

It would require government agencies to offer contracts that last at least two years when buying Personal Protective Equipment, aiming to encourage companies to manufacture those supplies in the United States.It would create an inter-agency task force to address Chinese market manipulation in the United States and authorize spending to support an independent media in China.

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