The Daily The Bill That United the Senate
Jun 9, 2021
David E. Sanger, a White House and national security correspondent for The New York Times, analyzes a historic bipartisan bill worth $250 billion aimed at boosting U.S. high-tech industries. He discusses the urgency behind lawmakers' collaboration, primarily driven by concerns over China's growing technological might. Sanger also highlights the historical context of the U.S.-Japan semiconductor tensions and the shift in focus towards China. The talk underscores the implications of government investment on national security and the future of American industry.
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Industrial Policy Bill
- The U.S. Senate passed a $250 billion industrial policy bill.
- This bill targets high-tech industries like semiconductors, AI, and biotechnology.
Bipartisan Support for the Bill
- The bill received bipartisan support due to concerns about China's growing technological dominance.
- Lawmakers aim to reduce U.S. dependence on China for critical technologies.
Examples of Chinese Interference
- The U.S. found Chinese hardware in transformers that could be remotely controlled.
- Internet traffic routed through Chinese-controlled networks in the U.S. was diverted to Beijing.