Moves closer to final vote on US$250bn package.
The US Senate on Thursday advanced a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing. Senators voted 68-30 to end debate on the US$250 billion US Innovation and Competition Act of 2021, or USICA, and move nearer to a final vote on the legislation. Senate Democratic Majority Leader Chuck Schumer, who co-wrote the USICA legislation, said the United States spends less than 1 percent of gross domestic product on basic scientific research, less than half of what China does. "We have put ourselves in a very precarious position of potentially falling behind the rest of the world in the technologies and industries that will define the next century," he said in Senate remarks urging support for the bill. The exact timing of a final Senate vote was not clear, as lawmakers continued to debate next steps behind closed doors on Thursday evening. The legislation also seeks to counter Beijing's growing global influence through diplomacy, by working with allies and increasing US involvement in international organizations after former Republican President Donald Trump pulled Washington out as part of his "America First" agenda. As it considered the legislation, the Senate approved by 91-4 an amendment backed by Republican Senator Mike Crapo and Democratic Senator Ron Wyden to retaliate against what they consider China's anti-competitive trade practices and bar products determined to have been produced using forced labour.