"the draft Strategic Competition Act of 2021"
Typical US hypocrisy. Government intervention is anathema when it concerns living standards, justice, getting companies to pay their taxes, but when there are handouts and bold statements to be made, then it's fine.
Look, either the market regulates itself, or it doesn't. You can't have it both ways.
If the golden rule of Capitalism is to be respected, it's up to Cisco to be competitive, not the US Government.