What legal rationale did Commerce Secretary Howard Lutnick cite in his August 25, 2025, letter to Natcast CEO Deirdre Hanford for voiding the $7.4 billion National Semiconductor Technology Center agreement?
Explanation
The Government Corporation Control Act of 1945 requires Congressional authorization before federal agencies create corporations. Lutnick argued the Biden administration illegally bypassed this statute...
Sources
- Department of Commerce Takes Action Against the Biden Administration’s Unlawfully Established Operator of the National Semiconductor Technology Center, “Natcast”
- US Commerce voids Biden's $7.4 billion semiconductor research grant deal
- Department of Commerce Finalizes Long-Term Partnership with Natcast to Operate the National Semiconductor Technology Center
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