Washington – The Computer & Communications Industry Association has filed comments today with the National Institute of Standards and Technology and the Internal Revenue Service in their parallel rulemakings to implement the provisions of the CHIPS Act of 2022 that focus on the U.S. semiconductor industry.
NIST and the IRS have been charged with different aspects of implementing the CHIPS Act, and have asked stakeholders to weigh in on two sets of proposed rules: the CHIPS Incentive Program and the CHIPS Tax Credit.
In its comments, CCIA supports creating “one, jointly staffed, fully empowered interagency tribunal to review and redress potentially improper uses of CHIPS Act benefits” as “an extremely efficient and consistent way to ensure compliance.”
CCIA had previously supported passage of the CHIPS Act as a tool to help supply U.S. industries – from auto manufacturing to tech products – with microchips and to make the U.S. more competitive with China.
The following can be attributed to CCIA Senior Vice President and Chief of Staff Stephanie Joyce:
“The CHIPS Act of 2022 was an exceptional piece of legislation, establishing bold incentive programs that have spurred the semiconductor industry to redouble its efforts on closing and securing America’s supply chain for microchips. CCIA is confident that NIST and the IRS will adopt implementing rules that are aligned, clear, and even-handed, in order to give industry the regulatory certainty needed to continue expanding and innovating.
“CCIA was pleased to participate in these twin rulemakings and to supply the agencies with its thoughts on how best to realize Congress’ vision in a harmonized, predictable fashion.”