New legislation to counter China pushed by Senate Democrats

News Snapshot:

Senate Majority Leader Chuck Schumer, D-N.Y., joined by Senate committee chairs, tells reporters about legislation to strengthen U.S. manufacturing and jobs, especially in competition with China, at the Capitol in Washington, Wednesday, May 3, 2023. (AP Photo/J. Scott Applewhite) WASHINGTON – Senate Democrats launched a new legislative effort Wednesday in one of the few areas that appears to be generating bipartisanship in Congress — taking on China. The aim is to build on last year's bipartisan passage of a bill to boost computer chip production in the United States with more than $52 billion in manufacturing incentives and semiconductor research....