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U.S. Congress needs to act next week on China chip bill, Raimondo says

FILE PHOTO: Commerce Secretary Gina Raimondo Testifies before Senate Appropriations Committee

WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Thursday that the Biden administration would support a pared-down version of legislation to boost the U.S. semiconductor industry and improve competitiveness with China, and Congress needs to act next week.

(Reporting by Richard Cowan; Writing by Eric Beech; Editing by Leslie Adler)