Majority of U.S. House backs sweeping semiconductor bill
Tweet
Share
E-mail
A U.S. Capitol Police officer stands on the Senate steps as storm clouds pass over the U.S. Capitol in Washington, U.S. July 18, 2022. REUTERS/Jonathan Ernst
WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with companies in China and other countries.
As voting continued, the tally was 239 to 181, as at least 23 Republicans joined Democrats in backing the legislation. Passage sends it to the White House, where President Joe Biden has said he will sign it into law.
(Reporting by Patricia Zengerle and David Shepardson; Editing by Leslie Adler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bitwise declares monthly distributions for six crypto option ETFs
- Brent rises after Vance warns Israel against breaking ceasefire
- Appeals court allows Trump administration to expand fast-track deportation process
Create E-mail Alert Related Categories
ETFs, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
