Specifically, Republicans were concerned with language in the bill that would require a prevailing wage for semiconductor manufacturers in the US. Hours after the initial cloture vote was called, Schumer reached an agreement with Republicans to hold votes on parts of the bill they were contesting the following week. Last month, the package appeared to be doomed as Republicans withheld their votes to end debate on the bill. It would dole out billions to regions all across the country to build out new tech hubs and encourage tech companies to find homes outside of Silicon Valley and the coasts. The Endless Frontier Act was originally intended to provide $100 billion in funding for a new science directorate at the National Science Foundation to promote research in emerging tech fields.
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“We must invest in science, R&D, manufacturing, and innovation.” “Whoever wins the race to the technologies of the future will be the global economic leader,” Schumer said in a tweet on Tuesday.
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“Whoever wins the race to the technologies of the future will be the global economic leader” In its current form, the bill provides $52 billion for domestic semiconductor manufacturing, as well as a 30 percent boost in funding for the National Science Foundation and $29 billion for a new science directorate to focus on applied sciences. But over the last few months, the bill, which was seen as a must-pass piece of legislation for both parties, was bloated with political mush and much of the original funding was watered down as it moved through the Senate process. Endless Frontier was lauded as one of the first big bipartisan bills to come from the Biden administration.
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The bill - titled the US Innovation and Competition Act or USICA - builds off a previous proposal from Senate Majority Leader Chuck Schumer (D-NY) called the Endless Frontier Act. The bill invests billions into emerging technology industries like artificial intelligence, semiconductors, and quantum computing in the US. After months of political jockeying and procedural hurdles, the Senate approved a massive science and technology bill Tuesday to boost US competitiveness with China.