Congress must pass innovation legislation, despite hurdles

[This piece has been published in Restoring America to highlight how Congress can bolster American innovation and secure our supply chain.]

Senate leaders are expected to release updated text on a slimmed-down set of bills to bolster the U.S. semiconductor chip industry. The measures will likely include $52 billion in subsidies and an investment tax credit to boost U.S. manufacturing, but the rest of the Bipartisan Innovation Act (BIA) remains in limbo at a time when more urgent action is needed. (The BIA is made of separate House and Senate bills that chamber leaders are now trying to reconcile

Strengthening America’s leadership in science and innovation tomorrow will depend on three crucial areas of investments needed today. First is bolstering semiconductor manufacturing both domestically and with more ideologically aligned nations. The economic integration enabled by trade policy and
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