Sweeping bill to address China tech threat likely to take weeks in US House
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
SATURDAY, MAY 21, 2022
SATURDAY, MAY 21, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Sweeping bill to address China tech threat likely to take weeks in US House

World+Biz

Reuters
16 June, 2021, 09:40 am
Last modified: 16 June, 2021, 09:44 am

Related News

  • What justifies China’s zero-Covid policy?
  • Oil steady as economic worries offset possible China demand rise
  • China says it wants to expand BRICS bloc of emerging economies
  • China to buy Russian oil for strategic reserves
  • US charges a American, four Chinese officials with spying

Sweeping bill to address China tech threat likely to take weeks in US House

Once the House passes its bill, negotiators from both chambers would work out differences and agree on a final version in conference

Reuters
16 June, 2021, 09:40 am
Last modified: 16 June, 2021, 09:44 am
FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang
FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang

A highly touted bill to boost the United States' ability to compete with Chinese technology could take weeks to get through Congress, as US House of Representatives lawmakers planned to write their own legislation, which must then be combined with what was approved by the Senate this month.

House Democratic Majority Leader Steny Hoyer said House committees were working on their legislation, which he hoped would pass with support from Republicans as well as Democrats.

"I think the House committee - or committees - have views that they want to express," Hoyer told reporters. "... I don't think there's anything nefarious about it. I hope that we will move forward with a bill."

Once the House passes its bill, negotiators from both chambers would work out differences and agree on a final version in conference. The House and Senate would both have to pass that final measure before it could be sent to the White House for President Joe Biden to sign into law.

"Hopefully we can work that out so that the best of both bills will be available to us, so that we can ensure our competitive status vis-a-vis China in particular and also dealing with some of the nefarious things that China does to pursue unfair trade tactics with our country, including intellectual property theft," Hoyer said.

House Science Committee Chairwoman Eddie Bernice Johnson said on Tuesday she favored an approach based on the current capabilities of the National Science Foundation and Department of Energy, in contrast to the approach outlined in the Senate bill.

"If we are to remain the world leader in science and technology, we need to act now. But we shouldn't act rashly," Johnson said as the committee considered two bills that would be part of the House bill.

"Instead of trying to copy the efforts of our emerging competitors, we should be doubling down on the proven innovation engines we have at the National Science Foundation and the Department of Energy," she said.

The US Senate on June 8 backed by a strong bipartisan 68-32 majority the "US Innovation and Competition Act," or USICA, which authorizes about $190 billion for provisions to strengthen US technology and research, and approved $54 billion to increase US production and research into semiconductors and telecommunications equipment.

It was not immediately clear how the House bill might differ from the Senate's approach on semiconductors. A global shortage of chips that has slowed production in the automobile and tech industries has added fuel to calls for the United States to rely less on China.

China's parliament expressed "strong indignation and resolute opposition" to the Senate bill, which was praised in Washington as a rare example of bipartisan action by the deeply divided US Congress.

Biden's fellow Democrats control both the House and Senate, but only by narrow margins. However, the desire for a hard line in dealings with Beijing is a rare bipartisan sentiment in the deeply divided Congress.

Top News / China / USA

china / US

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    Hiking gas, electricity prices now will be suicidal: FBCCI
  • A vendor wearing plastic overalls and surgical mask, waiting at his stall for buyers at Karwan Bazar. The ever-bustling marketplace has very few buyers now as many people have either left the city or are purchasing online to avoid going out. Photo: Mumit M/TBS
    Grocers’ plight as sales on credit increase
  • Policies on cards to pave way for private heliports, helipads
    Policies on cards to pave way for private heliports, helipads

MOST VIEWED

  • Photo: BSS/AFP
    Covax calls for urgent action to close vaccine equity gap
  • Pakistan bans imports of all non-essential luxury goods - minister
    Pakistan bans imports of all non-essential luxury goods - minister
  • Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan 13 November, 2021. REUTERS/Pavel Mikheyev
    Oil settles up as supply risks outweigh economic worries
  • U.S. President Joe Biden attends a bilateral meeting with South Korean President Yoon Seok-youl at the People's House in Seoul, South Korea, May 21, 2022. REUTERS/Jonathan Ernst
    S Korea, US vow new measures to deter N Korea, expand economic partnership
  • A hotel complex destroyed by a Russian missile during Russia's invasion of Ukraine is pictured in Odesa, Ukraine, on 8 May, 2022. REUTERS/Igor Tkachenko
    US, others walk out of APEC talks over Russia's Ukraine invasion
  • The Buffalo shooter targeted Black people, linking mass migration with environmental degradation and other eco-fascist ideas. Photo: Reuters
    Eco-fascism: The greenwashing of the far right

Related News

  • What justifies China’s zero-Covid policy?
  • Oil steady as economic worries offset possible China demand rise
  • China says it wants to expand BRICS bloc of emerging economies
  • China to buy Russian oil for strategic reserves
  • US charges a American, four Chinese officials with spying

Features

The Buffalo shooter targeted Black people, linking mass migration with environmental degradation and other eco-fascist ideas. Photo: Reuters

Eco-fascism: The greenwashing of the far right

1h | Panorama
Green-backed Heron on a tilting stalk. Photo: Enam Ul Haque

Green-backed Heron: Nothing but a prayer to catch a fish  

3h | Panorama
Illustration: TBS

‘High logistics cost weakens Bangladesh’s competitiveness’

5h | Panorama
Every morning is a new beginning for all

Seashore

5h | In Focus

More Videos from TBS

Photo: TBS

US Congress to hold first public UFO panel

1h | Videos
Pollution killing 9 million people a year

Pollution killing 9 million people a year

1h | Videos
Photo: TBS

Steps necessary to ensure economic stability

1h | Videos
Photo: TBS

The right way to apply for jobs at int'l orgs

1h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

4
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

5
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

6
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab