The Senate is likely to begin floor consideration next week on a narrower economic competitiveness bill that would provide $52 billion in funding for semiconductor manufacturing grants and investment tax credits for the chip industry.
Senate Majority Leader Charles E. Schumer told senators to expect a procedural vote as early as Tuesday to begin the floor process on a limited competition measure that would include those two items and any other provisions from rival, broader bills that have bipartisan consensus and will be ready to move, according to a source familiar with the plan who spoke on the condition of anonymity.
A bicameral conference committee on the broader Senate and House competition bills has stalled amid disagreement over trade and other controversial provisions that are likely to be left out of the more limited measure.
