A potential moment of bipartisanship on Capitol Hill could also be a big economic driver in New York.

Sen. Chuck Schumer, the top Democrat in the upper chamber, is pushing ahead with legislation he argues will ensure the U.S. tech industry stays competitive with China’s.

He is looking to shepherd the 1,400-page bill through the Senate before the week’s end.

“It’s really vital to the future of our country,” he said Tuesday.

The bill calls for spending tens of billions of dollars on science and technology research and, in a potential boon for New York, roughly $50 billion to boost domestic computer chip manufacturing.

“We all want to see America stay number one in science and technology. It is so important for jobs, for our economic security, for our national security,” Schumer said.

The push on Capitol Hill comes as upstate New York leaders are looking to turn the region into a technology hub of sorts.

The semiconductor maker GlobalFoundries recently moved its headquarters to Malta in the Albany area, and other manufacturers are eying the state.

The head of the Capital Region Chamber argued that Schumer's legislation could help them lure more chipmakers while bolstering companies that already have an upstate New York footprint.

“We have a company who's doing very well here. They want to grow and they want to grow here if at all possible,” said Mark Eagan, CEO of the Capital Region Chamber.

In a statement, GlobalFoundries said, “The time is now to act to pass the bill and ensure that the U.S. is not left behind in the race to secure onshore chip manufacturing.”

The bill has bipartisan support in the Senate, as lawmakers rally around the push to ensure U.S. competitiveness with China. Even so, some Republicans say they are worried about wasteful spending.

And Vermont Sen. Bernie Sanders called the proposed funding a kind of “corporate welfare,” tweeting in part, “we should not be handing out $53 billion...to some of the largest and most profitable corporations in the country with no strings attached.”

Provided it clears the Senate, the legislation also needs approval in the U.S. House.

President Joe Biden has previously raised concerns about the global shortage of computer chips, a problem caused by the pandemic. In his infrastructure plan, he called for $50 billion for chip manufacturing and research.