House Passes Senate GOP Bill to Fast-Track New US Semiconductor Factories

A Republican senator’s bill designed to speed up official approvals for building new U.S. semiconductor factories that was approved in January by the Senate is now headed to President Joe Biden for signature after the House of Representatives approved the measure on July 29.

The House vote was 303–89 in favor of the unusually short, less than one page, and titleless bill (pdf) that was first introduced by Sen. Bill Hagerty (R-Tenn.), with co-sponsors Sens. Rob Portman (R-Ohio) and Angus King (I-Maine). The “yea” votes in the House included 175 Republicans (29 didn’t vote) and 121 Democrats, with only 10 of the latter not voting. All 89 votes in opposition were cast by Democrats.

The Senate unanimously approved the measure on Jan. 14. House approval was temporarily delayed by environmental groups that sought to kill it by protesting its consideration under a suspension of the rules.

The House started its August recess on July 31, and when it returns in September, the 2022 midterm congressional election campaigns will be in full swing. Congress rarely passes major bills between August and November of election years.

The bill amends the Fixing America’s Surface Transportation Act of 2015 to include in its Section 41 permitting provisions to cut federal red tape in approving new projects for the production of a host of critical digital national security and consumer products, most notably covering construction of new U.S. factories to make semiconductors.

Hagerty estimates that his bill will reduce the time frame of the regulatory approval process, which currently can take up to five years, to about 18 months.

“I ran for the Senate to increase opportunity and prosperity for American families and to ensure that America wins the competition with the Chinese Communist Party that will define this century,” Hagerty told The Epoch Times following the House vote.


Read More From Original Article Here:

" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases

Related Articles

Sponsored Content
Back to top button
Available for Amazon Prime
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker