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House Democrats have unveiled a 2,900-page alternative to Senate’s computer chip funding bill that passed over seven months ago.
The effort comes amid a major shortage of microchips that has resulted in sharp increasing the cost of goods that need them, include vehicle, the prices of which have skyrocketed in recent months.
The Commerce Department warned Tuesday that the country’s supply of computer chips has fallen to alarmingly low levels, creating the possibility of factory shutdowns. And the average price of a vehicle in the U.S. now exceeds $47,000.
Like the bipartisan, Senate-passed bill, the House version includes $52 billion for chip manufacturing and supply chain security.
However, the House bill does not include $190 billion related to technology and research that’s part of the 2,400-page Senate legislation that passed in June with 68 votes.
Last week, Virginia Democrat Sen. Mark Warner encouraged the House to pass the assistance for chipmakers as a way to lower prices of vehicles for consumers.He said the Senate’s United States Innovation and Competition Act likely hasn’t passed since June because Democrats were focused on other issues.Ohio Sens. Rob Portman , a Republican, and Sherrod Brown, a Democrat, co-chairmen of the Senate Auto Caucus, also advocated for passage earlier […]
Read the whole story at justthenews.com
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