Pelosi says Congress could pass 'transformational' Competes Act before July 4

House Speaker Nancy Pelosi (D-Calif.) on Thursday said Congress could pass the "transformational" Competes Act before July 4, saying they hope to celebrate its passage before the holiday.The Competes Act of 2022 would approve billions of dollars for programs to accelerate U.S. manufacturing of critical supplies and goods such as semiconductor chips, increasing U.S. might in sectors dominated largely by China.
The bill is also intended to address the supply chain disruptions still plaguing the na