CHIPS-Plus Likely Heading For Full Senate Vote On Wednesday

The Senate will hold a cloture vote on the USD$280 billion semiconductor bill CHIP-Plus today. The bill has broad bipartisan support in the Senate so is likely to clear the final procedural hurdles without much difficulty and head for a final vote on Wednesday.

• Senator Todd Young (R-IN), one of the GOP architects of the Senate version of the bill: “We’re very close to landing the plane.”
• House Majority Leader Steny Hoyer (D-MD) said on Friday that the House “will act on this bill as soon as it is ready. Addressing the global semiconductor shortage is crucial to tackling inflation and ensuring that America can compete with the rest of the world."
• Speaker Nancy Pelosi (D-CA) has also thrown her weight behind the bill and said she wants to see “a strong bipartisan vote” pass the bill.
• Jeanne Whalen at the Washington Post: “Semiconductor companies and universities are already jockeying for slices of the funding, in an early sign of what’s likely to be a heated competition, should the bill become law.”