The U.S. Senate on Wednesday moved to begin formal legislative talks on a long-stalled bill to pay for $52 billion in semiconductor chips manufacturing subsidiesand boost U.S. competitiveness with China.
The Senate completed votes on more than two dozen motions addressing a range of issues, including Iran policy. Although the motions are not binding, they convey a sense of what senators would like to see in the final bill and what could keep it from getting enough votes to become law.
House and Senate lawmakers will now begin formal negotiations through a process known as a conference committee to hammer out a bill that can pass both chambers. Talks could last for months, congressional aides say.