U.S. Senate draft bill would provide $110 billion for tech research

FILE PHOTO: A handout picture from October 2019 shows a component of Google's Quantum Computer in the Santa Barbara lab, California, U.S. Google/Handout via REUTERS

WASHINGTON (Reuters) - U.S. Senate committee leaders have drafted a compromise $110 billion measure for basic and advanced technology research and science over five years and the creation of a White House chief manufacturing officer in the face of rising competitive pressure from China, according to a copy of the 131-page draft legislation seen on Friday by Reuters.

The revised draft bill is set to be debated by the Senate Commerce Committee on Wednesday.