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Illustration: Sarah Grillo/Axios

Elements of the bipartisan U.S. Innovation and Competition Act, a sweeping China-related package that could be approved by the Senate as soon as Friday, could help address the chip shortage in the form of an emergency appropriation.

Why it matters: Production of everything from electronics and appliances to cars has been slowed down because of the shortage, which is expected to last until 2023.

  • Automakers have been hit hardest. The average car needs between 50 and 150 chips.
  • Ford and GM are temporarily shutting down plants because of the issue.

What they’re saying: Commerce Secretary Gina Raimondo points to the shortage as proof that the U.S. needs to increase its chip-making capacity.

  • "We are going to get it done. There’s no option," she told CNBC on Tuesday

The Senate is currently working through compromises on the legislation, which would provide $52 billion for semiconductor manufacturing.

  • The bill is meant to boost U.S. competitiveness against China, in areas like 5G and AI.

The big picture: There's private sector interest in improving the American semiconductor sector.

  • Companies like Intel and Samsung are making massive investments in U.S. chip manufacturing.
  • A recent McKinsey report points to boosting U.S. chip manufacturing as a way to make the country's manufacturing sector more competitive, supporting the premise of the bill as well as President Biden's American Jobs Plan.

What to watch: Factories are also facing a shortage of workers. This could further delay the return to pre-pandemic manufacturing capacity — and push industries toward more automation.

Go deeper

Senate clears key procedural hurdle on sweeping China competition bill

Senate Majority Leader Chuck Schumer (D-N.Y.) during a press conference on May 25. Photo: Drew Angerer/Getty Images

The Senate voted 68-30 on Thursday to advance a sweeping China-focused global competition bill, clearing a major procedural hurdle after concerns over potential Republican opposition.

Why it matters: The bill, which faces additional debate before a vote is held on final passage, is seen as a litmus test for whether Republicans could work with Democrats on any legislation in the deeply divided Senate. The vote was held open for hours after Republicans negotiated more time to vote on amendments.

3,000 unruly passenger reports made to FAA this year

Photo: Stefani Reynolds/Bloomberg via Getty Images

Airlines have reported some 3,000 cases of unruly behavior by passengers to the Federal Aviation Administration this year — including 2,300 for refusing to comply with face mask mandates, the FAA announced Monday.

Why it matters: Passenger numbers remain below pre-pandemic levels. But the FAA is investigating the highest number of suspected federal law violations since it began recording unruly passenger incidents in 1995, per ABC News.

Cashier killed after face mask policy dispute in Georgia grocery store

An Atlanta area grocery store cashier was killed and three other people were injured in a shooting following a dispute over a face mask policy in the supermarket Monday, police said.

Driving the news: DeKalb County Sheriff Melody Maddox said during a news conference that the female cashier was working at the Big Bear Supermarket in Decatur when she was shot following a "confrontation" over the wearing of masks.