CBS19, NEWS STAFF
Representative Abigail Spanberger (D-VA-7th) voted with a bipartisan majority in the U.S. House to strengthen America’s semiconductor research, development, and production.
The U.S. Senate voted Wednesday to pass the bill, which now will go to President Joe Biden’s desk to be signed into law.
The legislation would make $52 billion in funding available for semiconductor research and manufacturing so that more chips could be made in America.
Also, this offers companies a tax credit for investments in domestic manufacturing facilities, rather than facilities overseas.
“This vote is long overdue, but today’s progress represents a victory for Virginia’s economy, Virginia’s workforce, and Virginia’s future,” said Spanberger. “Today, I am proud to vote in support of Virginia’s semiconductor industry, the many industries that rely on them, and consumers who will see lower costs at the store. I am also proud to vote to protect our national security in the face of increased competition, and threats from the Chinese communist party.”
On Wednesday, she pushed House leadership for an immediate vote on this legislation, following the Senate passage.