Q. Which country launched the ‘COMPETES Act of 2022’?
Answer:
USA
Notes: The United States House of Representatives unveiled the ambitious America ‘Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength’ Act of 2022, or the America COMPETES Act of 2022.
It proposes to open up new arenas for talented individuals from across the world with a new start-up visa. The bill also provides grant to encourage semiconductor production in the US and to improve supply chain resilience and manufacturing.