ption."[15]While program oversight is always a claimed priority of agencies, recent reports of significant fraud and abuse of the COVID-19 Paycheck Protection Program—another substantial funding outlay from Congress—will surely remain front of mind for the Commerce Department's Inspector General. Accordingly, it is reasonable to assume the Inspector General will be motivated to keep close tabs on CHIPS Act funding recipients and to ensure faithful compliance with its requirements and prohibitions.ConclusionAs the CHIPS Act rollout continues, please be sure to follow this page for the latest information and analysis.[1] U.S. Dept. of Commerce, Biden-Harris Administration Launches First CHIPS for America Funding Opportunity (Feb. 28, 2023), available athttps://www.commerce.gov/news/press-releases/2023/02/biden-harris-administration-launches-first-chips-america-funding[2] 15 U.S.C. § 4652(a)(6)(C)(i).[3] 15 U.S.C. § 4652(a)(6)(E)(iii).[4] Preventing the Improper Use of CHIPS Act Funding, 88 Fed. Reg. 17439, 17440 (proposed Mar. 23, 2023), available athttps://www.govinfo.gov/content/pkg/FR-2023-03-23/pdf/2023-05869.pdf.[5] National Institute of Standards and Technology, Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program (Mar. 21, 2023), available athttps://www.nist.gov/news-events/news/2023/03/commerce-department-outlines-proposed-national-security-guardrails-chips.[6] Id.[7] Id.[8] Id.[9] Preventing the Improper Use of CHIPS Act Funding, 88 Fed. Reg. 17439, 17441 (proposed Mar. 23, 2023), available athttps://www.govinfo.gov/content/pkg/FR-2023-03-23/pdf/2023-05869.pdf.[10] National Institute of Standards and Technology, Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program (Mar. 21, 2023), available athttps://www.nist.gov/news-events/news/2023/03/commerce-department-outlines-proposed-national-security-guardrails-chips.[11] Id.[12] Id.[13] Preventing the Improper Use of CHIPS Act Funding, 88 Fed. Reg. 17439, 1