Biden Officials: Chip Makers Wanting Federal Subsidies Must Provide Child Care

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Biden Officials: Chip Makers Wanting Federal Subsidies Must Provide Child Care
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The Biden administration is slated to unveil a rule this week that would grant access to child care to a small slice of the U.S. workforce in an effort to advance the administration’s goal of expanding and supporting the “care economy”

while Democrats controlled both chambers of Congress over Biden’s first two years in office.

Commerce’s new rule could use the heated battle for the subsidies to take a small step toward improving labor standards. As, major chips companies are engaged in a fierce competition for CHIPS funding. At the same time, some lawmakers have said that the Biden administration could be doing more to implement stricter standards on CHIPS recipients, whichA group of lawmakers, including Senators Bernie Sanders and Elizabeth Warren , havethe agency to “use its full authority” to ban CHIPS recipients from engaging in stock buybacks for the next decade, for instance.

Progressive lawmakers and advocates have also said that the administration could be doing more to support child care and other provisions to help the working class; rather than asking for the Pentagon in the 2023 budget last year, for instance, advocates have said that Biden could have asked for funding to fix the U.S.’s crumbling child care infrastructure.We’re proud to publish real news 365 days of the year, completely free of charge to our readers.

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