The Secretary of Commerce has 45 days to allocate the 2026 CHIPS money
What the document says“Within 45 days of enactment of this Act, the Secretary of Commerce shall allocate amounts made available from the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund for fiscal year 2026”
The opening of section 541 of division A. It gives the Secretary of Commerce 45 days from enactment to allocate the fiscal year 2026 money from the CHIPS for America Fund to the accounts, amounts, projects and activities named in a table in the explanatory statement described in section 4. A parallel paragraph gives the Director of the National Science Foundation the same 45 days for the CHIPS for America Workforce and Education Fund. The Act was approved on January 23, 2026.
What the document actually says“Within 45 days of enactment of this Act, the Secretary of Commerce shall allocate amounts made available from the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund for fiscal year 2026”
The head of the Commerce Department has 45 days to hand out this chip money. The clock starts when the law is signed. A table in the report says where it goes.
The CHIPS Act of 2022 set up this fund. It pays for making computer chips in this country. The science foundation has the same 45 days for its share.
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