{"id":474095,"date":"2022-07-15T01:13:00","date_gmt":"2022-07-14T22:13:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author\/"},"modified":"2022-07-15T01:13:00","modified_gmt":"2022-07-14T22:13:00","slug":"exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author\/","title":{"rendered":"#: Exclusive: Three possible outcomes for stalled tech-funding bill, according to its co-author"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c880f9c226\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c880f9c226\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author\/#%E2%80%9C_Exclusive_Three_possible_outcomes_for_stalled_tech-funding_bill_according_to_its_co-author%E2%80%9D\" >&#8220;: Exclusive: Three possible outcomes for stalled tech-funding bill, according to its co-author&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author\/#Rep_Ro_Khanna_calls_block_of_bipartisan_US_Innovation_and_Competition_Act_by_Republican_leadership_%E2%80%98malpractice_and_a_%E2%80%98dereliction_of_duty\" >Rep. Ro Khanna calls block of bipartisan U.S. Innovation and Competition Act by Republican leadership \u2018malpractice\u2019 and a \u2018dereliction of duty\u2019<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/exclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author\/#Levi_Sumagaysay\" >Levi Sumagaysay<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Exclusive_Three_possible_outcomes_for_stalled_tech-funding_bill_according_to_its_co-author%E2%80%9D\"><\/span>&#8220;: Exclusive: Three possible outcomes for stalled tech-funding bill, according to its co-author&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Rep_Ro_Khanna_calls_block_of_bipartisan_US_Innovation_and_Competition_Act_by_Republican_leadership_%E2%80%98malpractice_and_a_%E2%80%98dereliction_of_duty\"><\/span>\n  Rep. Ro Khanna calls block of bipartisan U.S. Innovation and Competition Act by Republican leadership \u2018malpractice\u2019 and a \u2018dereliction of duty\u2019<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000739307\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000739307\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Rep. Ro Khanna had high hopes for a multibillion-dollar U.S. innovation bill he helped write: It was bipartisan from the start and was passed by both branches of Congress.<\/p>\n<p> But as lawmakers seek to bring compromise legislation to President Joe Biden\u2019s desk, partisanship is holding up the U.S. Innovation and Competition Act. Senate Minority Leader Mitch McConnell said at the end of June he won\u2019t support it \u2014 though he voted for a version last year \u2014 as long as Democrats pursue their priorities on climate, energy and taxes in the budget reconciliation bill. <\/p>\n<div class=\"paywall\">\n       In an interview with MarketWatch on Thursday, Khanna \u2014 a Democratic representative from Silicon Valley \u2014 called the holdup \u201cmalpractice\u201d and a \u201cdereliction of duty of the United States Congress.\u201d McConnell\u2019s office did not return a request for comment.<\/p>\n<p>Khanna laid out three options for moving forward with what he calls \u201cthe largest investment in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and advanced manufacturing since the Kennedy years.\u201d<\/p>\n<p>Khanna\u2019s first and preferred option is to pass the compromise legislation in the Senate and ensure two or three key priorities from the House version are included. Even after reports Thursday that Sen. Chuck Schumer is telling senators to expect a preliminary vote next week on a slimmed-down innovation bill, Khanna said he remains hopeful\u00a0about the passage of a more robust bill.<\/p>\n<p>The congressman said the second option is to pass the Senate version of the bill in the House of Representatives, where Democrats have the necessary votes. But this week, House Speaker Nancy Pelosi and House Majority Leader Steny Hoyer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.protocol.com\/policy\/usica-pelosi-hoyer\" class=\"icon none\">said at a press briefing<\/a> that they would want to pursue a compromise bill instead.<\/p>\n<p>The third option is Khanna\u2019s least favorite: Cleave off the $52 billion CHIPS Act and pass just that. The congressman said the bill is critical to help U.S. semiconductor manufacturing the delay in passing it has already prompted Intel Corp.<br \/>\n        INTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203649727\/composite\" class=\"positive\">+1.34%<\/bg-quote><br \/>\n       to delay its groundbreaking on a chip plant in Ohio. <\/p>\n<p>Khanna said that option \u2014 which <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.axios.com\/2022\/07\/13\/chips-act-semiconductors-china-competition\" class=\"icon none\">the White House is pushing for<\/a> and analysts are saying may be the most likely to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en this year \u2014 falls short of what he thinks this country needs to compete with the rest of the world.<\/p>\n<p>\u201cThere is no more urgent task than to build our structural capability,\u201d he said. He added that while countries such as China have concrete tech policies, \u201cwe have done almost nothing to build our industrial base for the next generation.\u201d <\/p>\n<p>Besides helping bring benefits of the technology age to the rest of the nation, the full tech innovation bill is \u201cabout making America a leader in producing things again,\u201d the congressman said<em>.<\/em> Among other things, the bill includes $100 billion for the National Science Foundation over five years to fund research and development in artificial intelligence, quantum computing, synthetic biology, clean tech and more.<em> <\/em>The bill also includes billions of dollars for the creation of 10 tech hubs around the nation.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>All of it is to help ensure the U.S. doesn\u2019t fall behind in important and emerging technology, Khanna said. \u201cI want the world to use U.S. technology,\u201d he said.<\/p>\n<p>Despite the current partisanship that\u2019s holding up the bill, the congressman said he is convinced that \u201cmaking things in America\u201d and rebalancing trade with China are two themes that can go toward helping unite a polarized nation. \u201cThis can span the spectrum and appeal to the Bernie base and to the MAGA base,\u201d he said, referring to Vermont independent Sen. Bernie Sanders and supporters of former President Donald Trump\u2019s \u201cMake America Great Again\u201d agenda.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Levi Sumagaysay\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/levi-sumagaysay\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/levisu\",\"text\":\"@levisu\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:levi.sumagaysay@marketwatch.com\",\"text\":\"levi.sumagaysay@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Levi_Sumagaysay\"><\/span>Levi Sumagaysay<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"236_MW\" author-name=\"Levi Sumagaysay\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fexclusive-three-possible-outcomes-for-stalled-tech-funding-bill-according-to-its-co-author-11657836830%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7B47-EB37419F992F%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Exclusive: Three possible outcomes for stalled tech-funding bill, according to its co-author&#8221; Rep. Ro Khanna calls block of bipartisan U.S. Innovation and Competition Act by Republican leadership \u2018malpractice\u2019 and a \u2018dereliction of duty\u2019 Rep. Ro Khanna had high hopes for a multibillion-dollar U.S. innovation bill he helped write: It was bipartisan from the start&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-479183\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-474095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474095"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474096"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}