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China Trade & Tech

Psaki: Pelosi-Schumer deal to confer on USICA a ‘big step forward’

November 18, 2021 at 12:02 PM
A deal struck by Senate Majority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) to take the U.S. Innovation and Competition Act to conference is a “big step forward,” White House Press Secretary Jen Psaki said on Thursday. The bill, passed by the Senate in June, includes a litany of provisions aimed at China, updates to trade laws, new domestic research and development programs for innovative technologies and funding for domestic semiconductor manufacturing incentives. The House has not...

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