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Schumer schedules classified briefing on China bill, chips funding

Senators are expected to meet next week for an all-hands classified briefing on the stalled China competition bill amid White House pressure to get the measure across the finish line before the August recess.

Senate Majority Leader Charles. E. Schumer, New York Democrat, has scheduled the rendezvous for Wednesday as lawmakers return this week from the Fourth of July holiday.

Senate and House negotiators have remained deadlocked on the U.S. Innovation and Competition Act, or USICA, which includes a $52 billion incentive for semiconductor manufacturers to build production plants in the U.S., a marquee measure that is largely supported by lawmakers on both sides of the aisle.