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Top DOGE senator demands answers on plan to exhaust CHIPs Act funds before Trump arrives

The article from Fox News discusses Senator JD Vance's concerns over the Biden administration's handling of the CHIPS and Science Act funds. Vance, referred to as "Top Doge" due to his support for cryptocurrency, has demanded answers from Commerce Secretary Gina Raimondo regarding the rapid allocation of the $52 billion intended for boosting domestic semiconductor production. He fears that the funds might be exhausted before a potential Trump administration could take office, which could lead to misuse or misallocation of the funds. Vance's letter to Raimondo highlights his worry that the administration might be rushing to distribute the money to favored companies or projects, potentially undermining the strategic goals of the Act. He seeks transparency on how the funds are being disbursed and what criteria are being used for these allocations.

Read the Full Fox News Article at:
[ https://www.foxnews.com/politics/top-doge-senator-demands-answers-plan-exhaust-chips-act-funds-before-trump-arrives ]