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Why now:The bill was recently signed into law by Gov. Newsom, although it currently offers $10 million a year, much lower than the $100 million originally asked for. It’s likely to make California more competitive — but a federal production tax credit bill now going through Congress may be the blockbuster. The Motion Picture, Television…

The South Carolina Republican is leading the legislative effort in the U.S. Senate alongside Sen. Adam Schiff (D-Calif.), while a parallel bipartisan coalition is pushing for the bill in the U.S. House of Representatives.