House conservatives prepare fight against bipartisan China bill, as Senate marches toward passage
Fox News
The Senate is set to pass a bill aimed at helping the U.S. compete with China this week, but some House Republicans say it's too weak and spends too much.
Intel is among the companies that are set to benefit from funding in the bipartisan China bill set to advance in the Senate Monday, but some Republicans argue the bill amounts to corporate welfare. (AP Photo/Don Ryan, file) A Senate bill that's expected to pass this week would plow funding into the U.S. semiconductor industry, spending hundreds of billions of dollars to help the U.S. compete with China. (Ju Peng/Xinhua via AP) Tyler Olson covers politics for Fox News Digital. You can contact him at tyler.olson@fox.com and follow him on Twitter at @TylerOlson1791.
"[I]nstead of or securing our own intellectual property or doubling down on the free enterprise system which has made the United States one of the most innovative countries in the world, the bill seeks to copy China’s failed model of centralized government spending," the RSC memo says.