New Industrial Policy

For the Diplomat I wrote a short summary of the nature and politics of the new industrial policy bill that the Senate passed last week. It’s strange that such a significant measure can pass the divided Senate and yet elicit very little public attention…

On June 8, the Senate passed a major industrial policy bill that would direct government investment toward critical technological sectors. The bill is intended to foster the reinvigoration of the manufacturing side of the U.S. technology sector, providing alternatives to supply chains dependent on Chinese microchips. Some argue that it also lays the foundation for long-term economic and technological competition with China.