"How Congress Can Ensure CHIPS Act Funding Advances National Security Interests"
02/24/2022 | Silverado Policy Acclerator
In a new essay for Lawfare, Silverado's Executive Director Sarah Stewart and CNAS's Emily Kilcrease lay out policy measures that Congress could take to ensure that CHIPS Act funding advances the national security interests of the United States. They write:
Both the Senate’s United States Innovation and Competition Act (USICA) and the House’s America COMPETES Act include $52 billion in appropriations for the CHIPS Act that Congress authorized in the National Defense Authorization Act (NDAA) for Fiscal Year 2021. The NDAA authorization legislation and the House and Senate bills include important guardrails to prevent misuse, such as a prohibition on foreign adversaries from receiving CHIPS Act funds and general language to ensure that funding aligns with “economic and national security interests of the U.S.” But stronger policy direction is needed to ensure that the funding puts sufficient muscle behind the government’s efforts to achieve transformational changes in the chip supply chain.
Read their full analysis here.
Trade and Industrial Security