What the document says“Of the unobligated balances of amounts made available under section 106(a) of the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1392), $850,000,000 are permanently rescinded.”
The section permanently rescinds $850,000,000 of the unobligated balances of amounts made available under section 106(a) of the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1392). That law is not indexed here, so how much sat in the fund and what it funded cannot be checked against anything on this site.
What the document actually says“Of the unobligated balances of amounts made available under section 106(a) of the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1392), $850,000,000 are permanently rescinded.”
The sum is $850 million. It comes out of money set aside by a 2022 chips law. It is taken back for good.
Only money not yet promised out is taken. Money already committed is not touched. The word permanently means it cannot come back.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.