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