Tech, Business Groups Urge Congress to Quickly Reconcile Chips Bills

The House and Senate should take "immediate action" to reconcile their China competition bills and authorize funding for the Creating Helpful Incentives to Produce Semiconductors Act and other domestic semiconductor sector investments by sending the combined legislation to President Joe Biden, more than 20 tech, automotive and business groups wrote congressional leadership Wednesday. The Business Roundtable signed the letter, as did CTIA, the Information Technology Industry Council, the Semiconductor Industry Association, the U.S. Chamber of Commerce and others. A prolonged negotiation on a compromise bill “risks placing our country further behind in the competition for economic growth, supply chain resilience, technology leadership, and strengthened national security,” said the groups. “We urge immediate action to commence negotiations and work towards a final compromise bill that can swiftly pass both chambers and send this vital legislation to the president’s desk.” House Democrats should allow an official score from the Congressional Budget Office on the chips legislation before it advances further, House Budget Committee ranking member Jason Smith, R-Mo., and House Science Committee ranking member Frank Lucas, R-Okla., wrote Wednesday. House Democrats have passed more than $7.5 trillion of new spending since President Joe Biden took office, they wrote. “It’s irresponsible to proceed without knowing the true costs of this legislation,” said Lucas.