House leaders release ‘America COMPETES Act’ as counter to USICA

House committee leaders on Tuesday unveiled their long-awaited legislation aimed at reinvigorating U.S. technological research and development in the face of competition with China. The bill, coming in at just under 3,000 pages, is the House counterpart to the U.S. Innovation and Competition Act, which the Senate passed in June. Both bills include $52 billion in funding for the Creating Helpful Incentives to Produce Semiconductors in America Act, trade provisions that would renew the Generalized System of Preferences and authorize...