TechNet Asks Congress to Act on Chips Legislation

Congress should act quickly to pass chips legislation, TechNet said Monday in response to Tuesday’s expected Senate vote to begin advancing the Chips Act and portions of the U.S. Innovation and Competition Act (USICA) (see 2207140067). Moving the smaller chips package is a “good step,” but Congress should work to pass other USICA measures like “investing in regional technology hubs across the country, enhancing STEM education programs, and attracting and retaining the world’s best and brightest talent,” said CEO Linda Moore. Democrats and Republicans are “hashing out” final details on a bill so “we can move forward with this week,” Senate Majority Leader Chuck Schumer, D-N.Y., said on the Senate Floor Monday. He urged conference committee members to continue negotiating the “larger jobs and innovation package that both sides have been working on for months” but said in the meantime Congress needs to “get chips done as soon as we can.”