The U.S. House of Representatives recently passed the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022 by a vote of 222 to 210 with support from both parties. At the heart of the bill is investment in domestic research and manufacturing to boost global competitiveness, specifically with China. At face value, it sounds good, right? Something positive upon which D’s and R’s can, for the most part, agree?

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