Congress advances bill to speed up permits for AI- and semiconductor-related projects
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The U.S. House of Representatives narrowly approved a procedural motion for the SPEED Act, aimed at expediting federal permits for AI and semiconductor projects. Supported by major tech companies, the bill seeks to shorten environmental review timelines and limit permit challenge periods. While it has bipartisan support, internal divisions exist, particularly over an amendment concerning energy permits. The industry supports the bill, citing potential investment benefits. The Senate has yet to introduce a counterpart, but bipartisan discussions are ongoing.
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