The US Senate votes to open a debate on China's tech regulation

© Reuters. FILE PHOTO: Chinese and US flags flutter in front of a company building in Shanghai, China, April 14, 2021. REUTERS / Aly Song / File Photo

WASHINGTON (Reuters) – The U.S. Senate voted between 86 and 11 Monday to open a debate on a measure that would raise more than $ 110 billion in fundamentals and US $ 110 billion over five years amid increasing competitive pressures from China High technology research will be granted.

The Endless Frontier Act would approve most of the money, $ 100 billion, to invest in basic and advanced research, commercialization of research, and education and training programs in key technology areas.

Senate Democratic chairman Chuck Schumer said the Senate would discuss the bill for a week or two starting Tuesday, calling it a "one-time investment in American science and technology."

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