CHIPS AND SCIENCE ACT

AUGUST 3, 2023

POINT OF VIEW

CHIPS and Science Act

Description

The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States. Wikipedia

Originally published: August 9, 2022

Enacted by: the 117th United States Congress

Long title: Making appropriations for Legislative Branch for the fiscal year ending September 30, 2022, and for other purposes

Other short titles: CHIPS Act of 2022; Research and Development, Competition, and Innovation Act; Supreme Court Security Funding Act of 2022

Public law: Pub. L. 117–167 (text) (PDF)

Statutes at Large: 136 Stat. 1366

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FACT SHEET: CHIPS and Science Act Will Lower Costs, Create Jobs, Strengthen Supply Chains, and Counter China

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https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/