Who Stands With Americans?H.R. 4346 · 117th Congress
CHIPS Act
CHIPS and Science Act of 2022
What it does
About $39 billion in grants plus a 25 percent investment tax credit for semiconductor manufacturers, along with science-agency authorizations.
Outcome
Signed into law on August 9, 2022.
The test
| Pillar | Question | Answer | Why |
|---|---|---|---|
| Economy | Who gets the money or the tax break? | Hurts Americans | Grants and tax credits flow mainly to a few large chipmakers such as Intel, TSMC, Samsung and Micron. |
| Economy | Who lobbied for it, and who against? | Hurts Americans | Driven by the Semiconductor Industry Association and its members, who lobbied intensively for the subsidies. |
| Everyday life | Does it protect or undercut American jobs, wages and public safety? | Helps Americans | Aims to bring chip manufacturing jobs and a critical supply chain back to the United States. |
Votes counted: Senate 64–33 on Jul 27, 2022 · House 243–187 on Jul 28, 2022.