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Top related persons:
Gina Raimondo - 1 WASHINGTON - 1 Sen - 1 Elizabeth Warren - 1 Sean Casten - 1 Bill Foster of - 1 Pramila - 1 Pat Gelsinger - 1
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Rayburn Washington , Bill Foster of Illinois Washington
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2 mentions found


☆ Democrats ask Raimondo to step up enforcement on CHIPS funding
  + stars: | 2024-07-01 | by ( Emily Wilkins | ) www.cnbc.com   time to read: +2 min
WASHINGTON — A group of Democrats are raising concerns as to whether companies that received federal funding for semiconductors used the money to support stock buybacks - and criticizing their own party over how the awards are given. Raimondo has stated that CHIPS funding is not meant to pad companies' bottom lines or support stock buybacks. But lawmakers urged her to go further, and ban stock buybacks for companies that receive CHIPS funds. About $33 billion of funding from the CHIPS Act has been allocated, mostly to major companies. It also said decisions on buybacks were independent from any funds released through the CHIPS Act.
Persons: Gina Raimondo, WASHINGTON, Sen, Elizabeth Warren, Sean Casten, Bill Foster of, Pramila, Pat Gelsinger, Raimondo, Warren Organizations: Science, Technology, Washington , D.C, CNBC, BAE Systems, Intel, Yahoo, Finance, Microelectronics, Commerce Department Locations: Rayburn, Washington ,, Bill Foster of Illinois, Washington
☆ House Democrats reject a rules change that could've empowered junior members amid concerns about aging leadership
  + stars: | 2022-12-13 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +8 min
"Six years is a pretty long time," Democratic Rep. Abigail Spanberger of Virginia told Insider at the Capitol earlier this month. "I'm not for term limits," House Majority Leader Steny Hoyer told Insider during a briefing with reporters at the end of November. "I'm not taking a position on any single rules proposal that is before the House Democratic Caucus," he said. Another prominent young lawmaker — 33-year-old Democratic Rep. Alexandria Ocasio-Cortez of New York — has also been vocal in her criticism of the system. "Whatever the mechanism is, we need to have more opportunities for people to bring their leadership to bear in different places," she told Insider.
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