Senate Passes Bi-Partisan Bill to Boost US Tech Industry

What Happened:

• On Tuesday, the Senate passed a bill aimed at boosting the US tech industry; especially semiconductor production and the further development of artificial intelligence.

• The bill is also aimed at keeping the US at the forefront of technology, particularly against international competitors, such as China.

• The bill passed with bi-partisan support with a 68-32 vote and will increase spending by about $250 Billion over the first five years.

• Supporters say the bill is the largest investment into US scientific research in decades.

Photo Source: congress.gov

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