OMB Approves CHIPS Funding Limitation NPRM

Yesterday, the OMB’s Office of Information and Regulatory Affairs (OIRA) announced that it had approve a notice of proposed rulemaking (NPRM) from the  DOC’s National Institute for Science and Technology on “Preventing the Improper Use of CHIPS Act Funding”. This rulemaking was not listed in the Fall 2022 Unified Agenda, so an official description of the purpose and scope of the rulemaking is not publicly available. This NPRM could be published later this week.