U.S. Senate Commerce Committee passes competition bill against China

Foreign media reported that the U.S. Senate Commerce Committee passed a bill aimed at strengthening federal support for U.S. research and development to better compete with China.

The Commerce Committee voted 24-4 to send the bill to the full Senate for discussion. The bill calls for $100 billion over five years to support domestic R&D at U.S. colleges and universities and other research institutions, and $10 billion for regional technology centers.

Senate Majority Leader Chuck Schumer noted that the bill is targeted to pass the full Senate by the end of the month.

Indeed, both Republicans and Democrats have stressed the need for more efforts to promote U.S. science and technology to counter China, but agreeing on the actual legislation and getting it through the bipartisan Senate, which is divided, will be a huge test for senators who are on the same side of the aisle on most issues.