Annie Andersen: THE SENATE HAS PASSED A BILL TO ADDRESS AMERICA’S COMPETITIVENESS WITH CHINA.
TAKE SOT- Senate
<<”On this vote, the yays are 68, the nays are 28… the bill passes.”>>
Annie Andersen: THE AMERICA COMPETES ACT INCLUDES 52 BILLION DOLLARS TO BRING SEMICONDUCTOR AND CHIP MANUFACTURING BACK TO THE U-S.
IF YOU’RE LIKE ME AND NOT TECH SAVVY AT ALL.. THINK OF A SEMICONDUCTOR LIKE THE HEART BEAT OF TECHNOLOGY…
HERE’S WHERE THINGS GET WONKY.
THE HOUSE ALREADY PASSED THE AMERICA COMPETES ACT BACK IN FEBRUARY.
TAKE SOT- Nancy Pelosi
<<”The yays are 222, the nays are 210.The bill is passed”>>
Annie Andersen: UNLIKE THE SENATE VERSION, WHICH FOCUSES ON DEVELOPING NEW TECHNOLOGY..
THE HOUSE VERSION FOCUSES ON RESEARCH AND DEVELOPMENT.
IT ALSO INCLUDES PROTECTING RIGHTS TO UNIONIZE AND A
LOT OF CLIMATE FOCUSED LEGISLATION.
AND THAT JUST DIDN’T FLY FOR THE MORE CONSERVATIVE SENATE.
BUT THEY ALREADY HAD THEIR OWN PLAN.. THE U.S. Innovation and Competition Act.. AND
SO VOTED TO REPLACE THE TEXT OF THE HOUSE PASSED BILL WITH THEIR VERSION
– SOUNDS CRAZY, BUT TOTALLY ALLOWED.
SO NOW THE NEW AMERICA COMPETES ACT GOES BACK TO THE HOUSE..
WHERE IT’S A FORGONE CONCLUSION IT’S D-O-A..
MEANING IT’S BACK TO THE NEGOTIATING TABLE.
TAKE SOT- Sen. Maria Cantwell (D-WA) Chair, Senate Committee on Commerce, Science, and Transportation
<<” that is our desire here in the Senate and hopefully, get this process of going to conference in a response back from the House of Representatives, so we can move forward on reinvigorating America’s supply chain.”>>
Annie Andersen: WE SHOULDN’T HOLD OUR BREATH ON THIS GETTING DONE ANYTIME SOON.. BLOOMBERG REPORTS THE TWO SIDES LIKELY WON’T COME TO AN AGREEMENT UNTIL MAY.
STRAIGHT FROM DC I’M AA