US Senate Passes Sweeping Bill to Address China Tech Threat© timesofindia.indiatimes.com

US Senate Passes Sweeping Bill to Address China Tech Threat

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The US Senate has passed a rare bipartisan legislative package aimed at improving the country's economic competition with China by investing billions of dollars in science and technology and holding Beijing accountable for its predatory tactics.

The important anti-China bill was passed by the Senate with 68-32 votes on Tuesday. It is considered a major political victory by Senate Majority Leader Chuck Schumer who had made it a top priority.

The US Innovation and Competition Act invests more than USD 100 billion of taxpayer funds to solidify the United States' leadership in scientific and technological innovation critical to national security and economic competitiveness.

We are in a competition to win the 21st century, and the starting gun has gone off,
Joe Biden,
US Senate Approves Mammoth Innovation Bill To Counter China