[This piece has been published in Restoring America to highlight how Congress can bolster American innovation and secure our supply chain.]

Senate leaders are expected to release updated text on a slimmed-down set of bills to bolster the U.S. semiconductor chip industry. The measures will likely include $52 billion in subsidies and an investment tax credit to boost U.S. manufacturing, but the rest of the Bipartisan Innovation Act (BIA) remains in limbo at a time when more urgent action is needed. (The BIA is made of separate House and Senate bills that chamber leaders are now trying to reconcile.)