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America COMPETES Act of 2022 passed House and Senate

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Re: America COMPETES Act of 2022 passed House and Senate

#11

In case you are wondering what this does (like I was), Wikipedia states "This bill is designed to solve [American dependence on China] by reducing reliance on Chinese manufacturing of semiconductors and increasing America's scientific and technological achievements." Basically, it allocates a bunch of money for supply chain and production improvements.

Does government allocation of funds make a difference when competing with China? It would seem that the Chinese government would simply match/re-up the industrial policy to be more competitive.

If we're concerned about over reliance on Chinese manufacture, why not create a tariff?

Re: America COMPETES Act of 2022 passed House and Senate

#13
post #12

To give an idea of how much content is in this bill, please see "Sec. 74029. Beverage containing coconut water." where duties on imports of beverages containing at least 10% coconut water are hereby free .

That is the stupidest shit I've ever seen. Just flat rate everything and get rid of all the special exemptions and trash that just creates loopholes.

If this results in a lot of things soon containing 11% coconut water, I might just snap.

Re: America COMPETES Act of 2022 passed House and Senate

#14
post #8

What does "Sense of Congress on" refer to? A number of line items begin with that phrase.

This explains it better than I can [1]

" When members of the House of Representatives, the Senate or entire U.S. Congress want to send a stern message, state an opinion or just make a point, they try to pass a "sense of" resolution.

Through simple or concurrent resolutions, both houses of Congress may express formal opinions about subjects of national interest. As such these so-called “sense of” resolutions are officially known as “sense of the House,” “sense of the Senate” or “sense of the Congress” resolutions. "

[1] https://www.thoughtco.com/sense-of-congress-resolutions-3322...

Re: America COMPETES Act of 2022 passed House and Senate

#15
post #8

What does "Sense of Congress on" refer to? A number of line items begin with that phrase.

understanding, belief, expectation:

SEC. 2003. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) the National Science Foundation, the Department of 
        Energy and its National Laboratories, and other key Federal 
        agencies have carried out vital work supporting basic and 
        applied research to create knowledge that is a key driver of 
        the economy of the United States and a critical component of 
        national security;
            (2) openness to diverse perspectives and a focus on freedom 
        from censorship and political bias will continue to make 
        educational and research institutions in the United States 
        beacons to thousands of students from across the world;
            (3) increasing research and technology transfer 
        investments, building regional capacity and reducing geographic 
        disparity, strengthening supply chains, and increasing 
        capabilities in key technology focus areas will enhance the 
        competitive advantage and leadership of the United States in 
        the global economy;
            (4) the Federal Government must utilize the full talent and 
        potential of the entire Nation by avoiding undue geographic 
        concentration of research and education funding, encouraging 
        broader participation of populations underrepresented in STEM, 
        and collaborating with non-government partners to ensure the 
        leadership of the United States in technological innovation; 
        and
            (5) authorization and funding for investments in research, 
        education, technology transfer, intellectual property, 
        manufacturing, and other core strengths of the United States 
        innovation ecosystem, including at the National Science 
        Foundation and the Department of Energy, should be done on a 
        bipartisan basis.

Re: America COMPETES Act of 2022 passed House and Senate

#16
post #11

In case you are wondering what this does (like I was), Wikipedia states "This bill is designed to solve [American dependence on China] by reducing reliance on Chinese manufacturing of semiconductors and increasing America's scientific and technological achievements." Basically, it allocates a bunch of money for supply chain and production improvements.

Does government allocation of funds make a difference when competing with China? It would seem that the Chinese government would simply match/re-up the industrial policy to be more competitive. If we're concerned about over reliance on Chinese manufacture, why not create a tariff?

Maybe WTO restrictions?

But yeah I would just do both.

Re: America COMPETES Act of 2022 passed House and Senate

#17

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

The United States should be offering permanent residency to practically everyone with a Ph.D.

Re: America COMPETES Act of 2022 passed House and Senate

#18
post #11

In case you are wondering what this does (like I was), Wikipedia states "This bill is designed to solve [American dependence on China] by reducing reliance on Chinese manufacturing of semiconductors and increasing America's scientific and technological achievements." Basically, it allocates a bunch of money for supply chain and production improvements.

Does government allocation of funds make a difference when competing with China? It would seem that the Chinese government would simply match/re-up the industrial policy to be more competitive. If we're concerned about over reliance on Chinese manufacture, why not create a tariff?

Tariff may help US company to buy US product, but it won’t encourage anyone else to buy potentially uncompetitive US product.

At some point, we need to increase product competitiveness, which ultimately benefits everyone.

That or sanction china so they can’t build competitive product, like Huawei.

Re: America COMPETES Act of 2022 passed House and Senate

#19
post #17

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

The United States should be offering permanent residency to practically everyone with a Ph.D.

That would lead to the immediate creation of Ph.D. farms in other countries

Re: America COMPETES Act of 2022 passed House and Senate

#20
post #17

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

The United States should be offering permanent residency to practically everyone with a Ph.D.

That makes a lot of sense, I just hope that doesn't mean some countries don't start making PhD mills for schools to get around visa caps which seems like an obvious possible side effect
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