Schumer to move on long-awaited bill to boost semiconductor industry – By Alexander Bolton (The Hill) / July 14, 2022
Senate Majority Leader Charles Schumer (D-N.Y.) plans to hold a vote soon on a bill to provide $52 billion to $54 billion in assistance to the domestic semiconductor manufacturing industry and a tax credit for semiconductor manufacturers, according to Senate sources.
Schumer has told senators to expect a floor vote as early as Tuesday of next week.
The slimmed-down Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America bill, intended to improve competitiveness with China, at a minimum will include emergency funding for semiconductor manufacturers and the investment tax credit from the Facilitating American-Built Semiconductors Act.
The legislation is not expected to include a package of trade provisions that Republicans insisted be attached to the Senate version of the bill that passed last year.
