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Main provisions include:<ref>{{Cite web|title=STATEMENT ON H.R. 4521, The America COMPETES Act of 2022|url=https://www.speaker.gov/sites/speaker.house.gov/files/America%20COMPETES%20Act%20of%202022%20HR%204521.pdf}}</ref> | Main provisions include:<ref>{{Cite web|title=STATEMENT ON H.R. 4521, The America COMPETES Act of 2022|url=https://www.speaker.gov/sites/speaker.house.gov/files/America%20COMPETES%20Act%20of%202022%20HR%204521.pdf}}</ref> | ||
* CHIPS for America Fund | * CHIPS for America Fund | ||
Provides $76 billion in support of US fabrication of semiconductors | |||
* $45 billion authorized to improve the US supply chain | * $45 billion authorized to improve the US supply chain | ||
* $2 billion to support critical components in the production of many automobiles, consumer electronics, and defense systems | * $2 billion to support critical components in the production of many automobiles, consumer electronics, and defense systems |
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