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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 15 - Commerce and Foreign Trade |
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Subtitle B—Regulations Relating to Commerce and Foreign Trade |
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Chapter II—National Institute of Standards and Technology, Department of Commerce |
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SubChapter C—Chips Program |
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Part 231 - Clawbacks of Chips Funding |
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Subpart C - Notification, Review, and Recovery |
§ 231.301 - Procedures for notifying the Secretary of significant transactions.
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§ 231.301 Procedures for notifying the Secretary of significant transactions.
During the 10-year period beginning on the date of the Federal financial assistance award under 15 U.S.C. 4652, the covered entity shall submit a notification to the Secretary regarding any planned significant transactions of the covered entity or members of the affiliated group that may involve the material expansion of semiconductor manufacturing capacity in a foreign country of concern, regardless of whether the covered entity believes the transaction falls within an exception in 15 U.S.C. 4652(a)(6)(C)(ii). A notification must include the information set forth in § 231.302 and be submitted to notifications@chips.gov.