CHARLOTTE, NC – With Honor Action praises the bipartisan CHIPS and Science Act of 2022, which was signed into law today by President Biden. The legislation passed on a bipartisan basis in the U.S. Senate and U.S. House of Representatives earlier this month.
Despite being used in thousands of products including cars, gaming consoles, medical devices, cell phones, and our military defense systems, it is estimated that a mere 12% of the world’s chips are produced in the United States while Asia accounts for about 80% of production. The CHIPS and Science Act will reduce reliance on foreign semiconductor manufacturers by incentivising domestic manufacturing and production. This landmark legislation will ensure the U.S. remains a global competitor while securing our national security.
With Honor Action congratulates members of the For Country Caucus, a bipartisan group of veterans in Congress that With Honor Action proudly works alongside, who led efforts for passage in the House. Many elements of the CHIPS and Science Act are based on recommendations from the National Security Commission on Artificial Intelligence (NSCAI), which With Honor Action and the For Country Caucus have worked to advance.
“The CHIPS and Science Act revitalizes the U.S.’s place as a global competitor in domestic semiconductor production while making historic investments in the National Science Foundation for technological research,” said Rye Barcott, CEO and Co-Founder of With Honor Action. “We’re also making sure that our service members have the weapons and systems they need in combat. This is an excellent step forward.”
With Honor Action looks forward to seeing continued investments in maintaining America’s competitive edge and future legislation further supporting our emerging technological capabilities.
With Honor Action is a cross-partisan movement focused on supporting military veterans who want to work across the aisle and put principles before politics while serving again in Congress. With Honor Action’s advisory board includes post-9/11 veterans and Gold Star family members — Chris Howard, Ryan Manion, and Medal of Honor Recipient Florent Groberg — as well as prominent American leaders such as Secretary Robert Gates, Senator Tom Daschle, Admiral Michael Mullen, General Nadja West, and David Gergen.
With Honor Action is a 501(c)(4), which serves as the organization’s policy and social-welfare arm. With Honor has an affiliated federally registered “super PAC” called With Honor Fund.