Senate passes massive bipartisan bill to combat China's growing economic influence
CNN
The Senate passed rare bipartisan legislation on Tuesday aimed at countering China's growing influence by investing more than $200 billion in American technology, science and research.
Passage is a victory for Majority Leader Chuck Schumer, a New York Democrat who co-wrote and strongly backed the measure, and for President Joe Biden, who made reaching across the aisle a central promise of his governing strategy, although he has faced criticism for moving unilaterally on his largest agenda items to this point. The sweeping legislation -- called the US Innovation and Competition Act -- aims to confront China's influence on multiple fronts and "will supercharge American innovation and preserve our competitive edge for generations to come," Schumer said.
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