US Senate advances bill to provide funding for technology research

The United States Senate on Monday advanced a bill that would provide billions of dollars in government funding for technology research as part of a legislative measure to counter China amid strained ties and fierce competition between the two countries.

The Senate voted 84-11 to move ahead with the Endless Frontiers Act introduced by Senate Majority leader Chuck Schumer, which seeks up to USD 100 billion over five years for basic and advanced tech research and another USD 10 billion to create new technology hubs across the country, according to South China Morning Post (SCMP).

This move has cleared the way for the Senate to vote on the bill’s passage.