-
Myanmar names Norwegian Andersen as head of national team
-
Crude pares steep gains as traders take stock after US-Iran flare-up
-
Russell back as Scotland tackle world champions South Africa
-
Cleanup underway as death toll from China floods hits 39
-
Tour de France yellow jersey protocol: 90 minutes of 'stress'
-
Italy recall Allan, Lynagh for All Blacks Nations Championship Test
-
Crude stabilises after US-Iran flare-up rocked peace hopes
-
Rookie fly-half Meredith thrown in for Wallabies debut against France
-
Playmaker Jalibert moves to fullback as France swing axe for Australia clash
-
Taiwan warns of 'destructive' winds as typhoon nears
-
Australian sprint star Gout out of U20 worlds with hamstring tear
-
Farrell rings changes for Ireland's Japan clash
-
Unions to protest as Volkswagen thrashes out job cut plans
-
Magyar's blitz against Orban's Hungary 'mafia' gathers pace
-
Teeth bared in Greece's bear-human showdown
-
Labour leadership contest takes Burnham closer to UK PM's office
-
Alpacas, mini pigs on the loose after floods hit south China zoo
-
New Zealand may join Australia-Fiji defence pact: PM Luxon
-
All Blacks make five changes for Italy Nations Championship clash
-
Fly-half Meredith to make Australia debut against France
-
Western Europe records its hottest June as heatwaves surge: EU monitor
-
US, Iran trade new strikes in fight over Hormuz strait
-
Fashion's mystery man Margiela sells off his archives
-
Modi eyes 'historic' chance to secure Australian uranium
-
Nuclear test-scarred Marshall Islands criticises China missile
-
US crackdown on top AI fuels open-source surge
-
Chip titan SK hynix to set price for mega US listing
-
EU moves closer to kicking kids off social media
-
Crude extends rally as US-Iran flare-up rocks peace hopes
-
Protecting the protectors: racing to save Philippine mangroves
-
Democrat accused of rape exits key US Senate race
-
Expanded World Cup; same old story as Europe dominates quarter-finals
-
Japan student Ito keeps place against Ireland as Jones returns
-
GMV Minerals Announces Completion of 16 Diamond Drill Holes on the Mexican Hat Gold Project in SE Arizona - Drill Assays Pending with ~1500 Samples Submitted to Date
-
Darwin Microfluidics Enhances Scientific Product Discovery with Bioz Badges
-
PlatformPay.io and DayOne Announce Partnership to Enhance DTC E-Commerce Merchant Revenue
-
Apex Critical Metals Announces Listing of Common Shares on Euronext Access Paris
-
Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant Shareholder
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - July 09
-
Morocco's Saibari out of France World Cup quarter-final
-
Belgium bid to crack Spain's ironclad defence in World Cup quarter-final
-
Trump orders new strikes on Iran over attacks on shipping in Hormuz
-
US man sentenced after swapping 17th century manuscript
-
PSG's Lee set to join Atletico Madrid
-
US launches new strikes on Iran after Trump vows to hit 'hard'
-
Iran plays with fire, but calculates Trump will hold back
-
Taylor Swift fans pay $25 for garbage from outside wedding
-
Oil surges, stocks slide as Trump says Iran ceasefire over
-
After quakes, Venezuelans fear losing damaged homes
-
Meta to build $9 billion data center in western Canada
US lawmakers advance China competition bill
US lawmakers voted Friday to greenlight a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China's growing influence and easing a global shortage of computer chips.
The House Democrats' America Competes bill, their version of the Senate-passed $250-billion US Innovation and Competition Act, was approved in a 222-210 vote in the lower chamber.
The legislative push came after the US Commerce Department warned that companies have an average of less than five days' worth of semiconductor chips on hand, leaving them vulnerable to shutdowns.
President Joe Biden wants to invest $52 billion in domestic research and production and, after sitting on the bill since it passed the Senate on cross-party vote in June, House Speaker Nancy Pelosi recently listed the $350-billion package as a top priority.
"We're positioning the US interest in values to win on the world stage, holding the People's Republic of China accountable for using slave labor, which is a human rights issue and hurts US workers," Pelosi told reporters.
"More American goods made here at home lowers costs and strengthens supply chains for Americans and ensures that America, not the People's Republic of China, writes the rules of the road for the 21st century."
The package would mark a win that Biden would love to be able to trumpet at his State of the Union address on March 1, although it will now need to be reconciled with the Senate version, which could take several weeks.
- 'Predatory trade' -
The White House sees the initiative as the main legislative tool to combat China's growing prowess.
Senior administration officials, including Commerce Secretary Gina Raimondo, had been pushing the House behind the scenes to move it quickly.
The 2,900-page House version has been controversial, however, as it includes proposals that are unpopular with Republicans and didn't appear in the Senate text. Only one of their members, Adam Kinzinger, voted with the Democrats.
House Republicans complain that much of the legislation was developed behind closed doors, without public hearings or consultations, and with no committee process.
They say it is weak on China, overly focused on unrelated issues like climate change, human rights and social inequality, and stuffed with Democrat-sponsored trade provisions they reject.
"This partisan bill does nothing to hold China accountable for its predatory trade practices, enforce President (Donald) Trump's historic agreement to stop China's cheating on trade, or counter China's trade aggression around the world," Kevin Brady, the top Republican on the House Ways and Means Committee, said in a statement.
He accused Biden of being "content to sit on the sidelines" while foreign countries block US farmers and businesspeople from competing on a level playing field.
- '3,000-page giveaway' -
"Democrats have jammed this nearly 3,000-page giveaway with billions of dollars of new trade assistance welfare and lavish health care subsidies that discourage the jobless from connecting to work," Brady added.
"They hold the world's poorest countries hostage to Green New Deal demands, and make it harder for American manufacturers to qualify for lower tariffs on products needed to compete and win, both here and abroad."
Democrats didn't need House Republican support to pass the bill, but the opposition's emphatic rejection complicates its passage to Biden's desk.
It is destined for a "conference committee" to marry the bills from both chambers, with Senate Republicans especially influential since at least 10 of them will be needed to advance it from the upper chamber.
Republican Todd Young, the senior senator for Indiana, told reporters on Thursday he and his colleagues would send House Republicans "a much better option to vote on in the next couple of months."
"If instead the House had taken an approach using regular order, as we did in the Senate, with fulsome opportunity for bipartisan input, they'd have a better work product and they would have earned a lot of Republican votes," he said.
O.Johnson--AMWN