
Schumer poised to advance bill to boost domestic chip production in potential breakthrough
CNN
Senate Majority Leader Chuck Schumer is moving ahead with a $52 billion bill to boost domestic semiconductor production to address the chip shortage, telling senators it could head to the floor as soon as Tuesday, according to a source familiar with the matter.
The move could amount to a major breakthrough because Republican leaders have said they'd be open to passing a narrow bill that focuses mainly on the issue of producing semiconductor chips. This is a clear sign it could become law.
The bill would be a scaled back version of the larger China competitiveness legislation, which has been hung up amid intraparty disputes and the threat of Senate GOP Leader Mitch McConnell derailing it if Democrats move forward with a separate partisan economic package.













