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

A Republican senator’s invoice designed to pace up official approvals for constructing new U.S. semi-conductor factories that was authorized in January by the Senate is now headed to President Joe Biden for signature after passage Friday by the House of Representatives.
The House vote was 303 to 89 to approve the unusually quick, lower than one web page, and titleless invoice (pdf) that was first launched by Sen. Bill Hagerty (R-Tenn.) with co-sponsors Sen. Rob Portman (R-Ohio) and Sen. Angus King (I-Maine). The yea votes within the House included 175 Republicans (29 didn’t vote) and 121 Democrats, with solely 10 of the latter not voting. All 89 votes in opposition have been solid by Democrats.
The Senate unanimously authorized the measure on Jan. 14. House approval was quickly delayed by environmental teams that sought to kill it by protesting its consideration below a suspension of the principles.
The House begins its August recess after at the moment and when it returns in September the 2022 midterm congressional election campaigns will likely be in full swing. Congress not often passes main payments between August and November of election years.
The invoice amends the Fixing America’s Surface Transportation Act (FAST) of 2015 to embrace in its Section 41 allowing provisions to lower federal crimson tape in approving new tasks for the manufacturing of a bunch of important digital nationwide safety and client merchandise, most notably protecting building of latest factories to make semiconductors within the U.S.
Hagerty estimates that his invoice would scale back the regulatory approval course of that presently can take up to 5 years to about 18 months.
“I ran for the Senate to improve alternative and prosperity for American households and to make sure that America wins the competitors with the Chinese Communist Party that can outline this century,” Hagerty advised The Epoch Times following the House vote.
“We should finish our reliance upon China and reassert our manufacturing independence; our nationwide safety relies upon upon it. Reducing authorities crimson tape will unleash American competitiveness and innovation by selling quicker building and operation of producing services for important merchandise that we should make in America,” Hagerty mentioned.
China presently produces 24 p.c of all semiconductors, adopted by Taiwan with 21 p.c and South Korea at 19 p.c. Firms based mostly within the U.S. akin to Intel and Texas Instruments account for 10 p.c of the world’s semiconductor manufacturing, in accordance to the Semiconductor Industry Association.
An estimated 90 p.c of essentially the most superior semiconductors are manufactured by the Taiwan Semiconductor Manufacturing Co (TSM).
In addition to semiconductors, the measure additionally covers merchandise associated to “synthetic intelligence and machine studying, high-performance computing and superior laptop {hardware} and software program.”
If, as anticipated, Biden indicators Hagerty’s invoice, it is going to be the primary occasion throughout the present presidency of a freshman Republican senator succeeding in gaining passage of a measure by way of each the Democrat-controlled Senate and House after which changing into legislation.
Before the House vote, Hagerty’s workplace circulated a truth sheet containing supportive quotes from a former Trump administration commerce skilled and prime automotive business executives.
“Reducing our financial reliance on China and different international nations is important as America faces strategic financial and nationwide safety threats due to this dependence.  I applaud Senator Hagerty’s management and efforts to strengthen our nationwide safety, create American jobs, and make our nation aggressive once more,” mentioned Robert Lighthizer, who was the U.S. commerce consultant throughout the Trump administration.
The automotive business executives signify international companies which have established large manufacturing services within the United States.
Andrew Tavi, Nissan Americas Senior Vice President for External Affairs, was quoted saying “Nissan is dedicated to supporting measures that can assist to ease provide chain disruptions and the semiconductor chip scarcity; and we admire Senator Hagerty’s management on nationwide and financial safety points that can tackle these challenges. Senator Hagerty’s assist will assist make sure the Tennessee and US economies stay robust and develop extra impartial by way of investments in semiconductor crops and superior expertise within the U.S.”
Ana Maria Schneider, Volkswagen of America Group Senior Vice President mentioned Hagerty’s invoice will support her firm’s “success on this market, bringing new state-of-the-art merchandise assembled in Tennessee to US customers, requires a sturdy and safe home provide chain.”

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Congressional Correspondent for The Epoch Times.

https://www.theepochtimes.com/house-passes-senate-gop-bill-to-fast-track-new-us-semi-conductor-factories_4630817.html

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