Senate advances bill to create more semiconductor chips for cars, computers, video game consoles, etc etc (UPDATE: House passes bill, goes to Biden's desk)

[SaysWho?]

 

 

$52 billion chip-manufacturing bill passes procedural vote in Senate - MarketWatch

WWW.MARKETWATCH.COM

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A bipartisan bill subsidizing domestic semiconductor production cleared its first procedural hurdle on Tuesday in a 64-34 vote, even as the details of the...

 

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Tuesday’s motion needed only 51 votes to pass, but Schumer said because it received more than 60 votes—enough to comfortably overcome a Senate filibuster and advance, he would move forward with adding the science funding. That would back early-stage research using technology in water systems, technology and behavioral health, precision agriculture, and other sectors. It will also bolster technology education.

 

U.S. Senate votes to move ahead on chip bill to compete with China

WWW.REUTERS.COM

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The U.S. Senate on Tuesday voted to move ahead with a slimmed-down version of legislation to provide billions of dollars in subsidies and tax credits for the semiconductor industry, hoping to ease a shortage that has disrupted production in industries from automobiles to electronics and high-tech weapons.

 

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The final text was not released before the procedural vote, but Senate aides said the measure includes about $54 billion in subsidies for U.S. semiconductor companies, as well as a new, four-year 25% tax credit to encourage companies to build plants in the United States. The tax credit is estimated to be worth about $24 billion.

 

UPDATE: House passes bill.

 

House passes $280 billion package for chips, scientific research and Biden set to sign bill into law — here's what's in it - MarketWatch

WWW.MARKETWATCH.COM

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In a 243-187 vote on Thursday, the House approves a $280 billion bill focused on domestic semiconductor manufacturing and scientific research.

 

[Guest]

More of this, please

[TUFKAK]

Checks Nvidia stock price.

[Remarkableriots]

Nancy Pelosi’s husband just bought over $1 million of this chip stock right before a $52 billion subsidy vote — is there still time to tag along?

FINANCE.YAHOO.COM

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Follow the real smart money?

 

[Remarkableriots]

 

[SaysWho?]

House passes bill:

 

House passes $280 billion package for chips, scientific research and Biden set to sign bill into law — here's what's in it - MarketWatch

WWW.MARKETWATCH.COM

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In a 243-187 vote on Thursday, the House approves a $280 billion bill focused on domestic semiconductor manufacturing and scientific research.

 

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$52.7 billion for domestic manufacturing of chips SMH, -0.07% SOXX, -0.32%, including $39 billion for an incentive program and $11 billion for programs aimed at research and development and workforce development.

 

In addition, a 25% investment tax credit for semiconductor plants has an estimated cost of $24 billion.

There is also roughly $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

 

[Jason]

lmao so they got what 13 House GOP votes? Can't wait for these fucktards to do photo-ops taking credit for it.

[Commissar SFLUFAN]

10 minutes ago, Jason said:

lmao so they got what 13 House GOP votes? Can't wait for these fucktards to do photo-ops taking credit for it.

 

24 House GOP votes.

[Commissar SFLUFAN]

On 7/21/2022 at 10:59 PM, Remarkableriots said:

Nancy Pelosi’s husband just bought over $1 million of this chip stock right before a $52 billion subsidy vote — is there still time to tag along?

FINANCE.YAHOO.COM

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Follow the real smart money?

 

 

 

Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a major loss - MarketWatch

WWW.MARKETWATCH.COM

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Paul Pelosi lost $341,365 on his recent trade of Nvidia stock.

 

[Jason]

Just now, Commissar SFLUFAN said:

 

 

Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a major loss - MarketWatch

WWW.MARKETWATCH.COM

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Paul Pelosi lost $341,365 on his recent trade of Nvidia stock.

 

 

Don't be fooled, it's just 23D ray-traced chess to make themselves look too incompetent to engage in corruption while secretly being MASSIVELY corrupt!