The House passed sweeping legislation that will invest billions of dollars into American manufacturing and scientific research in a bid to take on China's growing economic dominance.
Bill Clark/CQ Roll Call via AP
Passage of the bill comes nearly eight months after the Senate passed its own version last year. The two chambers will now go to conference over the bill to align the legislation into one final text that must pass both chambers again before it can reach President Joe Biden's desk.
"The semiconductors are microchips that power virtually everything in our everyday lives. From our cell phones to automobiles, refrigerators, the internet, the electric grid without semiconductors, these things do not function in a modern economy," Biden said during his remarks on the January jobs report.
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