Investigation halts $100 million grant to China linked firm

November 23, 2024 | Hinckley Institute of Politics, Citizen Journalism , 2024 -2025 Utah Citizen Journalism, Elections, Utah


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Investigation halts $100 million grant to China linked firm
In a recent government meeting, officials discussed a significant investigation related to a $100 million grant program established under the Infrastructure Investment and Jobs Act. This program aimed to support electric vehicle battery manufacturing and recycling, but it included strict provisions to prevent American taxpayer dollars from benefiting foreign adversaries, particularly China.

The grant was awarded to a company that was required to disclose any foreign entanglements as part of the application process. However, the investigation revealed that the company was under a pending investigation for allegedly exporting controlled technology, specifically advanced microchip technology, to China. This raised serious concerns about compliance with the grant's stipulations.

In response to these findings, the Department of Justice and the Department of Commerce were involved, leading to the decision to retract the grant funds. Officials emphasized the importance of safeguarding taxpayer money, stating that the proactive measures taken resulted in the recovery of the full $100 million, preventing it from potentially falling into \"sketchy pockets.\"

While no criminal charges were filed in this case, the incident highlights the ongoing vigilance required to ensure that federal funds are used appropriately and do not inadvertently support foreign interests that could undermine national security. The meeting underscored the government's commitment to transparency and accountability in the management of public funds.

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