The CHIPS Act of 2022 represents a historic $52.7 billion investment in American semiconductor research, development, manufacturing, and workforce development. Because parts of the statute were drafted with the intent of maximizing the Commerce Department’s flexibility to execute programs, including CHIPS incentives, several unknowns remain for prospective applicants ahead of the anticipated February 2023 funding opportunity announcement (FOA).
Read MoreCongress has a busy year ahead, even with the 2022 midterm elections looming at the end of the year. We are keeping our eyes peeled for action on appropriations, the Biden social spending agenda, China, and more.
Read MoreOn Capitol Hill, it is likely the future of the American economy and President Joe Biden’s agenda will be decided by a series of deadlines facing Congress in the next few months, many of which line up with holidays and recesses. We are hearing from all directions that discussions will come down to the wire and that members of Congress can look forward to (or dread) a busy holiday season.
Read MoreTo date, there seems to be little dialogue between the “big four” authorizers and appropriators and House and Senate leadership aimed at reaching consensus on defense priorities and the related topline spending levels. Ultimately, Washington must consider two choices: will it go its usual route where the Pentagon, Congress, and the White House negotiate over the politics of how much taxpayer money should be spent on this or that? Or will the federal government pursue a comprehensive evaluation and reconsideration of the nation’s defense strategy?
Read MoreIn the minds of some, the 2020 election is still not a settled deal, and yet we at Plurus are looking ahead to the 2022 midterm elections. With the entire House of Representatives and 34 Senate seats up for grabs, the future of President Biden’s agenda and what legislation can be passed during the second half of his term hangs in the balance.
Read MoreSen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA) introduced the FAIR Transition and Competition Act, legislation aimed at “[leveling] the field for domestic manufacturers by imposing a fee on carbon-intensive products when they reach the border.”
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