President
Joe Biden released a statement supporting the bill saying "I'm heartened by Congress’ bipartisan work so far, and its commitment to quick action to get this to my desk as soon as possible. Together, we have an opportunity to show China and the rest of the world that the 21st century will be the American century – forged by the ingenuity and hard work of our innovators, workers, and businesses." The bill has been described by the New York Times as “the most expansive industrial policy legislation in U.S. history.” Organizations which have supported USICA include the AFL-CIO, National Association of Manufacturers, Semiconductor Industry Association, Thurgood Marshall College Fund and American Association of Universities. A letter organized by the Semiconductor Industry Association which called on Congress to pass the bill was signed by more than 100 CEOs. A poll conducted by the left wing think tank Data for Progress showed that 73% of respondents supported the bill. The editorial boards of the Seattle Times and Buffalo News have both called for the passage of the bill into law. The
Chinese government has criticized the bill for its provisions on Taiwan and "Cold War mentality and ideological prejudice", and has warned of retaliation if it becomes law. Schumer, one of the co-sponsors of the bill, has dismissed those threats, saying “No one will stand in the way of America strengthening our innovation capacity and domestic production so that we can launch a new era of leadership.” In November 2021, it was reported that some U.S. executives received letters from China's embassy in Washington, D.C., which pressed U.S. businesses to lobby, in possible violation of the
Foreign Agents Registration Act (FARA), members of the Congress to alter or drop specific bills that seek to enhance U.S. competitiveness. The Chinese embassy explicitly asked companies to oppose the USICA and the Eagle Act (), and warned that if the legislation passed, U.S. companies would risk losing market shares or revenues in China. ==See also==