The White House on Thursday stepped up its pressure on Congress to pass a behemoth China competition bill.
Lawmakers return to Washington next week from a Fourth of July holiday with a few short weeks to finish the bill before the August recess.
“It’s now or never to do this,” White House press secretary Karine Jean-Pierre told reporters. “Other countries aren’t waiting. They’re offering tax incentives for companies to invest in new manufacturing lines and companies are currently making their investment decisions.”
Senate and House negotiators have remained deadlocked on the U.S. Innovation and Competition Act, or USICA, which includes a $52 billion incentive for semiconductor manufacturers to build production plants in the U.