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Senate Passes CHIPS Semiconductor Bill

US

The United States Senate has passed the CHIP-Plus Act; to provide funding and subsidies to the domestic semiconductor industry, with a 64-33 vote.

  • Senate Majority Leader Chuck Schumer (D-NY) said on the Senate floor before the vote: "The chips and science bill is one of the major bipartisan achievements of this Congress. But reaching this point was anything but easy."
  • The bill will now head to the House of Representatives for a vote tomorrow where it will face a much sterner test despite the vocal support from House Democratic leadership. If the bill clears the House it could reach President Biden's desk by Friday.
  • Comments from a senior House Democrat aide per Fox News' Chad Pergram suggest that Democrat leadership will counter House concerns at swallowing a Senate bill by arguing that CHIPS-Plus retains much of the House passed legislation:
  • Aide: "The final CHIPS & Science Act being voted on today represents significant changes from the original Senate USICA bill toward the House-passed America COMPETES Act, including many key provisions and component bills that only existed in the House COMPETES Act as well as key changes to core elements of the Senate’s original science title. The conference negotiations also enabled House Democrats to push for and win powerful new guardrails on CHIPS funding.”
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