October 1, 2022

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U.S. Senate panel to hold hearing on tech bill to combat China

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U.S. Senate panel to hold hearing on tech bill to combat China

FILE Photo: U.S. Senate The vast majority Chief Chuck Schumer (D-NY) touts Senate Democrats legislative accomplishments as he retains a news meeting at the U.S. Capitol in Washington, U.S., March 25, 2021. REUTERS/Jonathan Ernst/Pool

WASHINGTON (Reuters) -The U.S. Senate Commerce Committee will keep a listening to on April 14 on a bipartisan measure to bolster U.S. technological know-how analysis and progress efforts in a bid to deal with Chinese competitors.

The monthly bill, titled the “Endless Frontier Act,” was very first proposed in 2020 contacting for $110 billion over 5 years to advance U.S. technology initiatives and cosponsored by Senate Democratic Chief Chuck Schumer and Republican Senator Todd Young.

Senate Commerce committee chair Maria Cantwell mentioned in a assertion the listening to “will deal with possible actions to fortify the U.S. innovation ecosystem, which includes growing Countrywide Science Foundation study funding developing and diversifying the science, technology, engineering, and arithmetic (STEM) pipeline improving upon technology transfer and investing in regional innovation facilities.”

Reuters reported the prepared listening to early on Wednesday.

Schumer explained very last month a number of committees will have hearings and mark-ups on bipartisan legislation “designed to bolster American competitiveness and counter the expanding financial threats we confront across the globe, particularly from the Chinese Communist Social gathering.”

Schumer also needs to go laws on boosting U.S. semiconductor generation. The two proposals could total $200 billion, congressional aides claimed.

The hearing will involve Kelvin Droegemeier, who headed the White Property Workplace of Science and Technological innovation Policy less than President Donald Trump, University of Notre Dame Provost Marie Lynn Miranda and some others like educators from Mississippi Condition University and the MIT Workplace of Open Discovering.

The committee could keep a individual listening to later in April to discussion legislative language, resources stated.

The Senate Foreign Relations Committee also is doing the job on laws addressing all over the world strategic opposition with Beijing. Aides stated on Wednesday the panel hoped to entire a draft of the evaluate this 7 days in purchase to vote on it in the committee as quickly as up coming 7 days.

Reporting by David Shepardson Extra reporting by Patricia Zengerle Enhancing by Leslie Adler and Christopher Cushing

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