House Passes $280 Billion CHIPS Act Without China Provision, Sending Bill to Biden’s Desk

The U.S. House of Representatives passed the CHIPS and Science Act on July 28, allocating funding for a bill now nearly two years old. The new legislation, which is now headed to President Joe Biden’s desk for signing, will allocate $250 billion in subsidies, tax breaks, and research grants to prop up the domestic semiconductor industry.

“Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper,” Biden said in a prepared statement. “It will lower the costs of every day goods. And, it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.”

“The CHIPS and Science Act is exactly what we need to be doing to grow our economy right now. By making more semiconductors in the United States, this bill will increase domestic manufacturing and lower costs for families.”

Many proponents of the bill were pleased to see its passage and believe that it will be a boon to American manufacturing.

“Congress has recognized the importance of rising to the challenge of industrial planning, of supporting strategic industries, and making sure that we have high tech jobs here in America, but we can’t stop here,” Zach Mottl, president of Coalition for a Prosperous America, a nonprofit focusing on trade policy, told The Epoch Times. 

“I think that America has been kind of laissez-faire, hands off for a little bit too long here. And we’ve lost a lot of opportunities.”

To that end, Biden said that the bill would improve jobs and national security by making the United States less dependent on foreign supply chains.

Many legislators disagree with that statement, however, due to the fact that Democrats removed a provision of the bill at the last minute which would have prevented U.S.

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