Markey, Other Senators Ask Commerce Dept. for More Transparency on Chips Plant Contracts
Sens. Ed Markey, D-Mass., Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., asked that the Commerce Department Friday “provide more transparency on key issues” involved in contracts on Chips and Science Act funding. With more than $50 billion in funding for…
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the measure, “the public deserves to know that semiconductor manufacturers have committed to upholding high standards in developing new plants,” including on “health, safety, labor, and environmental provisions subject to transparent company-specific public progress reporting,” the lawmakers said in a letter to Commerce Secretary Gina Raimondo. Commerce “should use its role in the grant-making process to ensure that the U.S. semiconductor industry is safe and sustainable, creates high-quality jobs, and does not simply enrich shareholders and executives through stock buybacks.” The lawmakers scolded the department for withholding “important terms” of its first chip manufacturing plant agreement, worth $123 million, when it announced the deal last month. Commerce has also “not articulated how it will hold grant recipients accountable if they fail to meet their contractual terms,” the senators said: “Communities near manufacturing facilities and American chip manufacturing workers deserve -- and need -- more transparency around these federal contracts to ensure manufacturers are held accountable to meaningful commitments.”