U.S. House names lawmakers to hammer out deal with Senate on chips funding -Breaking
[ad_1]
© Reuters. In this illustration taken February 25, 2022, semiconductor chips can be seen on the circuit board of a PC. REUTERS/Florence Lo/Illustration(Reuters) – U.S. House speaker Nancy Pelosi is a Democrat and Republican House leader Kevin McCarthy are named as negotiators for a deal to be reached with the U.S. Senate regarding a bill providing $52 million in subsidies to support semiconductor production.
While the Senate approved chips legislation first in June, it also authorized $190 million to support U.S. technology research and to be more competitive with China. House approval came in early February.
To reach a compromise, about 80 House legislators including chairs and top Republicans from key committees will be part of a process known as “conference committee”.
[ad_2]
