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06/08/2021 Source:  The Washington Post
Author: Tony Romm 1 min read

Senate approves sprawling $250 billion bill to curtail China’s economic and military ambitions

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Senate approves sprawling $250 billion bill to curtail China’s economic and military ambitions
Senators Todd Young (R-IN), and Chuck Schumer (D-NY), co-sponsors of Endless Frontier Act, turbocharging U.S. high-tech R&D and spawning Tomorrow’s Trusted Technology

The bill, adopted on a bipartisan vote, invests heavily in U.S. science and technology while threatening a host of punishments against Beijing.

The Senate voted on Tuesday to adopt an approximately $250 billion bill to counter China’s growing economic and military prowess, hoping that major investments in science — and fresh punishments targeting Beijing — might give the United States a lasting edge.

In a chamber often racked by partisan division, Democrats and Republicans found rare accord over the sprawling measure, known as the United States Innovation and Competition Act, as lawmakers warned that Washington risked ceding the country’s technological leadership to one of its foremost geopolitical adversaries.

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