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DOC/NIST RIN: 0693-AB70 Publication ID: Fall 2023 
Title: Preventing the Improper Use of CHIPS Act Funding 

The CHIPS Act established an incentives program to sustain and reestablish 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 restricting engagement in any significant transaction 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 issued and requested public comments on a proposed rule to set forth terms related to these limitations and procedures for funding recipients to notify the Secretary of any planned significant transactions that may be prohibited.

Agency: Department of Commerce(DOC)  Priority: Section 3(f)(1) Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 15 CFR 231   
Legal Authority: 15 U.S.C. 4651 et seq.   
Legal Deadline:  None
Action Date FR Cite
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 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Agency Contact:
Sam Marullo
Department of Commerce
National Institute of Standards and Technology
Washington, DC 20230
Phone:202 482-3844