U.S. Senate draft bill would provide $110 billion for tech research

U.S. Senate committee leaders have drafted a compromise $110 billion measure for basic and advanced technology research and science over five years and the creation of a White House chief manufacturing officer in the face of rising competitive pressure from China, according to a copy of the 131-page draft legislation seen on Friday by Reuters.

The revised draft bill is set to be debated by the Senate Commerce Committee on Wednesday.

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