On June 7, the U.S. Senate passed the U.S. Innovation and Competition Act (Usica) -- a $250 billion bill that hopes to counter China's ascendancy in a range of technologies. Usica could be considered by the House in the next several weeks, according to CNBC.

Read more:

https://www.linkedin.com/feed/update/urn:li:activity:6813514115378630656/

https://www.americanactionforum.org/insight/the-united-states-innovation-and-competition-act-usica-a-primer/#ixzz6ydJiTkgr
https://www.inc.com/peter-cohan/250-billion-us-innovation-competition-act-could-help-your-business.html

https://www.cnbc.com/2021/06/08/senate-passes-bipartisan-tech-and-manufacturing-bill-aimed-at-china.html

https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/08/statement-of-president-joe-biden-on-senate-passage-of-the-u-s-innovation-and-competition-act/

https://www.nextgov.com/emerging-tech/2021/06/us-needs-tech-agency-compete-china-think-tank-says/174801/