spot_imgspot_img

CHIPS Act reform bill one step closer to Biden’s desk

spot_img

(The Center Square) – A bill to make it easier for semiconductor facilities to be built is making its way to President Joe Biden’s desk.

The legislation is intended to make the process for permitting to be simpler for the industry, which is rapidly trying to expand in the United States but has occasionally been marred by construction and labor delays.

The “Building Chips in America Act of 2023” already passed the U.S. Senate unanimously, but it will now come before the House of Representatives this week, according to a schedule. Specifically, the bill would tackle hurdles involving the approval process related to the National Environmental Policy Act of 1969 by making it clear what is under “the scope of a major Federal action.”

“Manufacturing semiconductors in the United States is vital for our economy and national defense. When fully constructed, microchip manufacturing plants will create thousands of good-paying jobs all across the country,” Sens. Mark Kelly and Ted Cruz said in a joint statement.

“But duplicative permitting reviews saddle these projects with uncertainty and cause avoidable delays. Our bipartisan legislation clarifying the scope of environmental permitting reviews, which the Senate has twice approved unanimously, is critical to preventing risks to our economic and national security,” the statement continued.

The CHIPS and Science Act of 2022 has doled out billions to the private sector in grants and loans to bolster efforts to make the United States and the western world less dependent upon the island nation of Taiwan for chips, which are critical for many technologies. As Taiwan continues to face a high risk of conflict with China, the push has led to companies such as Taiwan Semiconductor Manufacturing Company and Intel to pour resources into Arizona and other states for domestic production. In addition to the chips themselves, various other companies in the semiconductor supply chain have also benefited from the push.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Research underway on how solar farms and agriculture can co-exist

(The Center Square) – As solar farms continue to...

Peach and Blossom Receive Presidential Pardon in Time-Honored Tradition

Today, President Joe Biden will pardon the National Thanksgiving...

Trump Nominates Former NFL Player Scott Turner as HUD Secretary

President-elect Donald Trump has nominated Scott Turner, a former...

Wisconsin gas price averages $2.85 per gallon heading into Thanksgiving

(The Center Square) – Wisconsin’s average gas price is...

AGO task force looks at ‘extremism’ from a public health perspective

(The Center Square) – As the Washington State Attorney...

Feds sign off on New York City’s latest congestion pricing plan

(The Center Square) — New York City has received...

Missouri congressional delegation demands answers about Venezuelan crime

(The Center Square) – Members of Missouri’s congressional delegation...

Michigan Democrats face time limit on crime, gender bills in lame duck session

(The Center Square) – Bail reform, charter school limitations...

More like this
Related

Research underway on how solar farms and agriculture can co-exist

(The Center Square) – As solar farms continue to...

Peach and Blossom Receive Presidential Pardon in Time-Honored Tradition

Today, President Joe Biden will pardon the National Thanksgiving...

Trump Nominates Former NFL Player Scott Turner as HUD Secretary

President-elect Donald Trump has nominated Scott Turner, a former...

Wisconsin gas price averages $2.85 per gallon heading into Thanksgiving

(The Center Square) – Wisconsin’s average gas price is...