Posted on 05/27/2021 1:02:39 PM PDT by ChicagoConservative27
Senate Majority Leader Charles Schumer (D-N.Y.) has struck a gentlemen’s agreement with Sen. Mike Crapo (R-Idaho) to allow a vote on his trade deal with Senate Finance Committee Chairman Ron Wyden (D-Ore.) as an amendment to a China competitiveness bill.
The amendment has a good chance of passing, and the breakthrough between Schumer and Crapo means there’s now a chance the competitiveness bill, which has been renamed the Innovation and Competition Act, could pass Thursday.
(Excerpt) Read more at thehill.com ...
I suspect it doesn't promote either.
I looked for his conservative rating. Couldn’t find one. So I guess that speaks volumes. 8>)
Now for one of Chuck’s greatest tricks, watch $40 billion disappear with one sentence:
“Increases maximum contingent liability for the Development Finance Corporation from $60 billion to $100 billion.”
About 2/3rds of the way down in my previously linked page
Perhaps, but the name is pronounced with a long A (Kray-po). His father taught at the law school I attended and was struck down at a fairly young age with acute leukemia.
Hmmm... Quick read, the bill seems alright. This really might have bipartisan support. It is about building chips in the US and confronting China.
What’s wrong with it? I haven’t studied it.
It will screw us somehow. Someone please explain how.
That’s an Americanization; the original name was “Crapaud” and would have the scatological-sounding pronunciation.
“Applies Davis-Bacon requirements to the financial incentives.”
“Requires country of origin labeling for products sold on the internet.”
“Requires U.S. to engage with international financial institutes on issues surrounding debt relief, particularly those countries most economically effected by the COVID-19 pandemic.”
“Prohibits federal agencies from procuring covered unmanned aircraft systems from covered foreign entities including entities domiciled in China or subject to influence from the Communist China Party.”
Well, I won’t have to worry about federal drones spying on me.
“Establishes a new state competitive grant program aimed at increasing K-12 students’ access to computer science education and opportunities to develop computational thinking skills, including students who are underrepresented in the computer science field. Authorizes such sums as may be necessary for FY 2022 – FY 2026 for the program.”
Some schools get all the federal funding.
“Requires institutions of higher education to disclose foreign gifts and contracts each year that are worth $50,000 or more either alone or when combined with other gifts or contracts from the same foreign government, individual or entity.”
“Authorizes $252 million for the Antitrust Division at the Department of Justice and $418 million for the FTC.”
“Develops a public access policy for research papers across all federal agencies.”
‘Crapaud’ is the French word for toad.
Idaho produces potatoes and that is about it.
And for all the few China buys, he stabs America.
There is more here than it appears.
“Authorizes $252 million for the Antitrust Division at the Department of Justice and $418 million for the FTC.”
That’s a lot of money. Is this for lawyers to go after Google/Facebook?
Is this for lawyers to go after Google/Facebook?
Probably for lawyers to defend Google facebook.
If it contains money for semiconductor factories to be re-shored . . . Intel spent billions on stock buybacks prior to the Wuhan Flu crash, but now they’re getting freshly printed USDs from the gov’t to do what they should have done 10 years ago.
Micron is in Boise. That's what this is about.
Crapo, cant make this sh## up
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.