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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.
This article was written by Greg Michalowski at investinglive.com.
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