The New Paper

June 9, 2021

Senate passes new technology spending bill

The Senate passed a $250B bill (68-32) that aims to increase US spending on technology research and development amid rising competition from China and other nations. The US Innovation and Competition Act (formerly known as the Endless Frontier Act) focuses on a wide range of initiatives, including artificial intelligence and semiconductor production.
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This story is from the June 9, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.