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Proposed Rule2023-058692023-03-23

Preventing the Improper Use of CHIPS Act Funding

Commerce Department, National Institute of Standards and Technology

Abstract

The CHIPS Act (the Act) established an incentives program to reestablish and sustain U.S. leadership across the semiconductor supply chain. To ensure that funding provided through this program does not directly or indirectly benefit foreign countries of concern, the Act includes certain limitations on funding recipients, such as prohibiting engagement in certain significant transactions involving the material expansion of semiconductor manufacturing capacity in foreign countries of concern and prohibiting certain joint research or technology licensing efforts with foreign entities of concern. The Department of Commerce (Department) is issuing, and requesting public comments on, a proposed rule to set forth terms related to these limitations and procedures for funding recipients to notify the Secretary of Commerce (Secretary) of any planned significant transactions that may be prohibited.

Action & Dates

Action
Proposed rule; request for public comment.
Dates
To be assured of consideration, written comments must be received on or before May 22, 2023.

CFR References

Topics

Business and industryComputer technologyExportsForeign tradeGovernment contractsGrant programsNational defenseResearchScience and technologySemiconductor chip products

Public Comment

Comments Close
2023-05-22

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Commerce National Institute of Standards and Technology 15 CFR Part 231 [Docket Number: 230313-0074] RIN 0693-AB70 AGENCY: CHIPS Program Office, National Institute of Standards and Technology, Department of Commerce. ACTION: Proposed rule; request for public comment. SUMMARY: The CHIPS Act (the Act) established an incentives program to reestablish and sustain U.S. leadership across the semiconductor supply chain. To ensure that funding provided through this program does not directly or indirectly benefit foreign countries of concern, the Act includes certain limitations on funding recipients, such as prohibiting engagement in certain significant transactions involving the material expansion of semiconductor manufacturing capacity in foreign countries of concern and prohibiting certain joint research or technology licensing efforts with foreign entities of concern. The Department of Commerce (Department) is issuing, and requesting public comments on, a proposed rule to set forth terms related to these limitations and procedures for funding recipients to notify the Secretary of Commerce (Secretary) of any planned significant transactions that may be prohibited. DATES: To be assured of consideration, written comments must be received on or before May 22, 2023. ADDRESSES: You may submit comments, identified by docket number NIST-2023-0001 or RIN 0693-AB70, through any of the following: Federal eRulemaking Portal at https://www.regulations.gov . You can find this pro

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Full Document

Citation: 88 FR 17439