In June 2021, the Senate passed the bipartisan United States Innovation and Competition Act (USICA), which features significant investments in American semiconductor manufacturing, by a 68-32 vote. According to one of the bill’s original sponsors, Indiana Sen. Todd Young, USICA would “create high-paying jobs for Americans, supercharge our nation’s military and technological capabilities, and ensure the Chinese Communist Party’s illiberal sphere of influence does not continue to grow unchecked.”
But more than 400 days later, the bill still hasn’t become law, as House and Senate negotiators try to reconcile last year’s Senate bill with the House America COMPETES Act, which narrowly passed in February 2022 on a mostly party-line vote.
In the meantime, America’s economic competitors have forged ahead. The European Commission is advancing the European Chips Act, which would fund innovation within the European Union. Meanwhile, sales from Chinese chipmakers were up 18% in 2021.
To help illuminate why Congress has been unable to come together to pass this urgent innovation bill, No Labels did a side-by-side comparison of the Senate and House bills.