US considers plan to reallocate $2B in the chips act funding for critical materials:

  • Trump admin considers reallocating $2b in CHIPS Act funds for critical materials to give greater oversight to Commerce Sec. Lutnick.
Donald Trump

Reuters is reporting Trump administration is considering

  • Plans to reallocate $2 billion in CHIP Act funds for critical materials
  • Aims to give Commerce Sec. Lutnick greater oversight of minerals financing decisions.:

The CHIPS Act funds were approved by a bipartisan vote in Congress. This sounds like a rewriting of that funding along with moving authorization of funds from Congress to the administration directly.

Let me guess....National security powers.

In other news:

  • The Trump administration says it is reviewing all 55 million people with US visas for potential deportation violations.

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