# Commerce Department opens CHIPS Act funding rounds

Date: 2023

The CHIPS and Science Act is a U. S. federal statute enacted by the 117th [United States Congress](/organizations/energy-actor-us-congress) and signed into law by [President Joe Biden](/people/env-person-joe-biden) on August 9, 2022.

## Sources

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## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/commerce-opens-chips-act-funding-rounds-2023