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

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...