UPDATED The US CHIPS and Science Act's future may depend on the outcome of Tuesday's Presidential Election after House Speaker Mike Johnson suggested

CHIPS Act funding in question as House Speaker waffles on plan to repeal bill

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2024-11-05 11:30:06

UPDATED The US CHIPS and Science Act's future may depend on the outcome of Tuesday's Presidential Election after House Speaker Mike Johnson suggested the GOP would likely move to repeal the $280 billion funding bill if the party wins a majority in Congress.

"I expect that we probably will, but we haven't developed that part of the agenda yet. We've got to get over the election first," Johnson told local media last week in response to questions regarding whether the party would move to repeal the bill.

Johnson's comments reflect Donald Trump's recent statements during an appearance on the Joe Rogan Experience podcast in which the former president and Republican nominee condemned the CHIPS Act, calling it "so bad," and attacked Taiwan. "They stole our chip business," Trump said.

The speaker has since walked back the remarks, but not before his stance was undermined by Republican congressman Brandon Williams of New York, who said he would not support such an effort if brought to a vote.