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(The Guardian) House passes Chips Act, places on Biden's desk
The House of Representative has delivered a big win for Joe Biden, passing the $280bn Chips and Science Act that includes $52bn to boost the production of semiconductors.
The bill cleared the Senate 64-33 in a bipartisan vote yesterday, the president urging the House to get the bill to his desk as soon as possible to help ease a shortage in semiconductors he said is holding back US defense, healthcare and vehicle manufacturing industries.
Biden received the news of the bill’s House passage, 243-187 in a strong bipartisan vote, during a virtual round table with business leaders at the White House this afternoon.
Biden earlier highlighted the Chips Act as a central plank of his agenda to boost American industry, as he also hailed the newly announced $739bn Inflation Reduction Act.
In a statement, the president said the Chips Act “will make cars cheaper, appliances cheaper, and computers cheaper. It will lower the costs of every day goods. And, it will create high-paying manufacturing jobs across the country and strengthen US leadership in the industries of the future at the same time.”
Republicans had threatened to whip members against voting for the Chips Act after they were angered by last night’s announcement of the reconciliation bill, brokered in a deal between Senate majority leader Chuck Schumer and previously reluctant West Virginia senator Joe Manchin.
The House of Representative has delivered a big win for Joe Biden, passing the $280bn Chips and Science Act that includes $52bn to boost the production of semiconductors.
The bill cleared the Senate 64-33 in a bipartisan vote yesterday, the president urging the House to get the bill to his desk as soon as possible to help ease a shortage in semiconductors he said is holding back US defense, healthcare and vehicle manufacturing industries.
Biden received the news of the bill’s House passage, 243-187 in a strong bipartisan vote, during a virtual round table with business leaders at the White House this afternoon.
Biden earlier highlighted the Chips Act as a central plank of his agenda to boost American industry, as he also hailed the newly announced $739bn Inflation Reduction Act.
In a statement, the president said the Chips Act “will make cars cheaper, appliances cheaper, and computers cheaper. It will lower the costs of every day goods. And, it will create high-paying manufacturing jobs across the country and strengthen US leadership in the industries of the future at the same time.”
Republicans had threatened to whip members against voting for the Chips Act after they were angered by last night’s announcement of the reconciliation bill, brokered in a deal between Senate majority leader Chuck Schumer and previously reluctant West Virginia senator Joe Manchin.
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