Senate passes legislation to fight China economically

6 days ago
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The Senate passed a rare bipartisan bill Tuesday aimed at countering China’s growing influence by investing more than $200 billion in American technology, science and research.

The final vote by senators was 68-32, and the bill passed. Independent Senator Bernie Sanders of Vermont was the only member of the Democratic caucus to vote against the bill. Nineteen Senate Republicans joined Democrats voting in favor.

The so-called U.S. Innovation and Competition Act aims to counter China’s influence in several areas and “will accelerate American innovation and preserve a competitive advantage for future generations,” the bill’s sponsors say.

The law still needs to pass the House of Representatives before it reaches President Joe Biden’s signature.