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Congress seeks compromise to boost computer chip industry

Congress seeks compromise to boost computer chip industry

ABC News
Monday, April 18, 2022 07:10:27 AM UTC

A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities

WASHINGTON -- A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government.

Both the House and Senate have passed major legislation on the matter and the effort is one of lawmakers’ final opportunities before the November election to show voters they are addressing the nation’s strained supply chains.

Now they have to work out considerable differences in the two bills. And Senate Republicans are already digging in before the negotiations formally begin.

President Joe Biden has made the semiconductor legislation a top priority, but he’ll need the support of 10 Senate Republicans, and perhaps more, to get a bill to his desk. Senate Republican leader Mitch McConnell emphasized that point when congressional leaders recently announced which lawmakers will serve on the committee that works to reconcile the two bills.

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