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Stop Government Takeovers: Demand Transparency and Public Oversight in Chips Act Funding
Related Article: Trump administration eyeing Chips Act funds for Intel stake, Bloomberg News reports - reuters.com - Friday, August 15, 2025, 10:28:32 AM Eastern Daylight Time
Target: U.S. Congress, Department of Commerce, and the White House
Goal: We call on Congress and relevant federal agencies to ensure full transparency, public accountability, and democratic oversight in the allocation of Chips Act funds, and to prevent backroom deals that prioritize corporate interests over public good.
According to Bloomberg News, the Trump administration is exploring the use of Chips Act funds to purchase a stake in Intel, one of the world's largest chipmakers. This move would represent a significant intervention of public funds into a private corporation, potentially without adequate transparency or public input.
Taxpayer money should be used to benefit the public, not to make secretive deals with large corporations. The Chips Act was intended to support domestic semiconductor manufacturing and innovation, not to enable government takeovers or increase corporate concentration. We demand that any allocation of Chips Act funds be subject to rigorous public scrutiny, clear guidelines, and democratic control.
We urge our elected officials and federal agencies to act in the public interest and ensure that the Chips Act serves its intended purpose: promoting equitable economic development, technological innovation, and fair labor practices in the semiconductor industry.
Key Demands
- Mandate full transparency and public disclosure of all negotiations and agreements involving Chips Act funds.
- Prohibit the use of Chips Act funds for government acquisition of private corporate stakes without explicit Congressional approval.
- Establish independent oversight committees, including labor and community representatives, to review all major Chips Act funding decisions.
- Prioritize funding for projects that support worker rights, environmental sustainability, and equitable economic growth.
- Require regular public reporting on the outcomes and beneficiaries of Chips Act allocations.
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All Opinions and Actions are (C)opyright 2025 - TruthAndResistance.com
All Opinions and Actions are (C)opyright 2025 - TruthAndResistance.com