0693-AB70 202404 Unified Agenda of Federal Regulatory and Deregulatory Actions 0693 National Institute of Standards and Technology NIST 0600 Department of Commerce DOC Preventing the Improper Use of CHIPS Act Funding

The CHIPS and Science Act of 2022, which amended Title XCIX of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (collectively, the CHIPS Act or Act) established an incentives program to reestablish and sustain U.S. leadership across the semiconductor supply chain. The Department of Commerce, through the National Institute of Standards and Technology, is issuing this final rule to implement conditions in the Act that seek to prevent funding provided through the program from being used to directly or indirectly benefit foreign countries of concern. The rule defines terms related to these conditions, describes the types of activities that are prohibited by those conditions, and sets forth procedures for notifying the Secretary of Commerce (Secretary) of non-compliance and the process by which the Secretary will enforce these provisions.

]]> Section 3(f)(1) Significant Previously Published in The Unified Agenda Completed Actions Yes No 15 CFR 231 15 U.S.C. 4651 et seq. No NPRM 03/23/2023 88 FR 17439 NPRM Comment Period End 05/22/2023 Final Action 09/25/2023 88 FR 65600 Final Action Effective 11/24/2023 Final Rule Amendment 12/28/2023 88 FR 89572 Final Rule Amendment Effective 12/28/2023 No None No No Yes Sam Marullo 0693 National Institute of Standards and Technology NIST 202 482-3844 Washington DC 20230