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Scott Bessent: “The Biden chips act. No money went out the door. Nothing…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Paul Gigot in Conversation with U.S. Treasury Secretary Scott Bessent

Published | Video Starts at 21:39

It seems like we're still very dependent on TSMC. Oh well, we're very dependent. 90% of the high value chips are still made on the island of Taiwan. The Biden chips act. No money went out the door. Nothing, nothing was created. A lot went out the door. For New York State with Chuck Schumer I think, I think you'd be surprised to see where some of the family members work but, and former staffers. (21:39–21:47)

CLAIM

Asserts that no funds have been disbursed or projects initiated under the Biden administration's chips act.

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