keep your eye on this legislation...excerpt from the NYT report...
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Senator Rob Portman, an Ohio Republican who helped write the Senate bill, has acknowledged that it runs counter to the free-market philosophy he usually prefers. But, Portman explained at the Aspen Ideas Festival last month, “if we are continuing with blinders on to follow a political philosophy that seems to make sense generally but doesn’t work in the practical world, I think we end up with a much less competitive economy and a national security risk.”
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IMO, this is an example of what's called "Prudential Judgement"...it would be preferable to insist on "Free Market Dogma", but when circumstances are such that an even greater threat (i.e. National Security) would arise, you adapt.
Link: https://www.nytimes.com/2022/07/14/briefing/semiconductor-bill-congress-biden.html