U.S. panel to hold hearing on tech bill to combat China: source

FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) touts Senate Democrats legislative accomplishments as he holds a news conference at the U.S. Capitol in Washington, U.S., March 25, 2021. REUTERS/Jonathan Ernst/Pool

WASHINGTON (Reuters) – The U.S. Senate Commerce Committee is set to hold a hearing on April 14 on a bipartisan measure to bolster U.S. technology research and development efforts in a bid to address Chinese competition, according to a notice seen by Reuters.

The bill, titled the “Endless Frontier Act,” was first proposed in 2020 calling for $110 billion over five years to advance U.S. technology efforts and cosponsored by Senate Democratic Leader Chuck Schumer and Republican Senator Todd Young. The committee could hold a separate hearing later in April to debate legislative language, sources said.

Source: Read Full Article