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The US Senate is starting formal talks on a law on mass competition in China. Written by Reuters


© Reuters. PHOTO FILE: Chinese and US flags flutter near Bund before US trade delegation meets with Chinese counterparts at talks in Shanghai, China, July 30, 2019. REUTERS / Aly Song / File Photo

Patricia Zengerle and David Shepardson

WASHINGTON (Reuters) – The U.S. Senate on Wednesday moved ahead of official legislative talks on a long-stalled bill to pay $ 52 billion in subsidies for semiconductor chipsets and boost US competitiveness with China.

The Senate has completed a vote on more than two dozen proposals on a number of issues, including policy in Iran. Although the proposals are not binding, they make it clear what senators would like to see in the final bill and what could prevent it from getting enough votes to become law.

Legislators of the House of Representatives and the Senate will now begin formal negotiations through a process known as the Conference Committee to draft a bill that could pass both houses. Negotiations could take months, congressional aides say.

Because Democrats tightly control the House of Representatives and the Senate, Republicans have used some proposals to weigh President Joe Biden’s efforts to return to an international nuclear deal with Iran and gain approval with the support of some Democrats.

Republicans unanimously opposed the 2015 nuclear deal.

Late Wednesday, the Senate completed consideration of more than two dozen “Proposal Proposals”.

Senators voted 78 to 17 against Senator Bernie Sanders’ proposal to remove a language that would allow the development of a new landing craft for NASA worth $ 10 billion a month, seen as part of the senator’s efforts to give up federal funds that could go to billionaires. The Blue Origins of Jeff Bezos.

Senators voted 62 to 33 for another proposal that seeks to ban the Biden administration from canceling the terrorist appointment of the Iranian Revolutionary Guard Corps, which is hampering the resumption of the nuclear deal.

The Senate also voted 86 to 12 in favor of the proposal, which argues that terrorism-related sanctions against Iran are needed to limit cooperation between China and Iran.

Such provisions could complicate the delicate negotiations on the nuclear deal, although Western officials have largely lost hope that the pact could be reinstated after then-President Donald Trump resigned in 2018.

They may also make it difficult to pass a bill on chips and competition in China, which has been in Congress for nearly a year.

Another proposal, proposed by Republicans, was approved by 49 to 47 votes, which will look for languages ​​to ban President Joe Biden from using climate change to declare a state of emergency to expand the powers of the executive branch.

In June, the Senate first passed a version of a bill on competition in China and semiconductor chips, receiving strong bipartisan support. The $ 250 billion bill was seen as potentially the most significant government intervention in production in decades, but stopped in the House of Representatives.

In February 2022, the House of Representatives adopted a version that had $ 52 billion in funding for chips, but significant differences in other provisions.

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