If all goes well, US President Joe Biden could soon sign major legislation to reinforce America’s technological edge and accelerate its transition to a carbon-neutral economy. Suddenly, the administration’s legislative achievements will have gone from “disappointing” to “exceeding expectations.”
BERKELEY – When it comes to the United States Congress, nothing is ever over until it’s over. But as of late July, it looks as though two major pieces of legislation will soon be on President Joe Biden’s desk, awaiting his signature. The first is the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, which will provide tens of billions of dollars to support domestic semiconductor production and research. The second is the Inflation Reduction Act, a slimmed-down version of the failed Build Back Better Act that nonetheless contains hundreds of billions of dollars to support clean energy and incentivize decarbonization across the economy.
BERKELEY – When it comes to the United States Congress, nothing is ever over until it’s over. But as of late July, it looks as though two major pieces of legislation will soon be on President Joe Biden’s desk, awaiting his signature. The first is the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, which will provide tens of billions of dollars to support domestic semiconductor production and research. The second is the Inflation Reduction Act, a slimmed-down version of the failed Build Back Better Act that nonetheless contains hundreds of billions of dollars to support clean energy and incentivize decarbonization across the economy.