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ARTICLE · 16 FEBRUARY 2022

America COMPETES Act v. US Innovation And Competition Act—Summary Of Key Differences And Takeaways

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On Friday, February 4, 2022, the House passed the America COMPETES Act on nearly a straight party line vote to, among many other priorities, fund domestic semiconductor chip manufacturing...

United StatesAntitrust/Competition Law
Josh Teitelbaum
Josh Teitelbaum
Clete R. Willems
Clete R. Willems
Stephen Kho
Stephen Kho
Brian A. Pomper
Brian A. Pomper
Angela B. Styles
Angela B. Styles
Joseph G. Fawkner
Joseph G. Fawkner
Ed Pagano
Ed Pagano
Galen Roehl
Galen Roehl
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On Friday, February 4, 2022, the House passed the America COMPETES Act on nearly a straight party line vote to, among many other priorities, fund domestic semiconductor chip manufacturing, dramatically increase scientific research and development funding, revive lapsed trade programs and re-orient the United States' international posture towards competition with China. In taking this step, the House is catching up to the Senate, which passed the United States Innovation and Competition Act (USICA) last July on a bipartisan vote of 68-32. This alert includes side-by-side summaries comparing the two bills in each of those areas, which can be found in the previous links.

Over the coming weeks and months, leaders from the House and Senate will seek to negotiate a final bill that can meet approval of 60 Senators and a majority in the House. The bill likely represents one of the last opportunities for significant bipartisan legislative achievement this Congress. While the

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