Senate eyes R&D bill to counter China, bolster manufacturing

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WASHINGTON (AP) — The Senate is set to approve a big innovation bill aimed at making the U.S. more competitive with China and other countries. The measure slogging through Congress includes $50 billion in emergency funds to shore up domestic computer chip manufacturing amid a shortfall that’s hit businesses across a range of industries. Senators had been expected to vote late Thursday, but proceedings came to a standstill when at least one Republican insisted on more changes to the sprawling package. The American Innovation and Competition Act is another key to President Joe Biden’s infrastructure plans. It’s also a test of whether the split 50-50 Senate can accomplish bipartisan achievements.

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