(ii) FUNDING RESTRICTION.—No cov-
ered entity that fails to provide records or 
information requested by the Secretary 
under this subparagraph shall be eligible 
for Federal financial assistance under the 
Program if such records or information are 
reasonably available to such covered entity. 
(3) AMOUNT.— 
(A) IN GENERAL.—The Secretary shall de-
termine the appropriate amount and funding 
type for each financial assistance award made 
to a covered entity under the Program. 
(B) LARGER
INVESTMENT.—The amount 
awarded under the Program with respect to any 
individual project may not exceed $150,000,000 
unless the Secretary, in consultation with the 
Secretary of Defense and the Director of Na-
tional Intelligence, recommends to the Presi-
dent, and the President notifies Congress, that 
a larger award is necessary to— 
(i) significantly increase the supply of 
reliable, domestically produced printed cir-
cuit boards that are relevant for the na-
tional security and economic competitive-
ness of the United States; and 
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(ii) meet the needs of national secu-
rity. 
(4) USE OF FUNDS.— 
(A) IN GENERAL.—Except as provided by 
subparagraph (B), a covered entity that re-
ceives a financial assistance award under the 
Program may only use the financial assistance 
award amounts— 
(i) for a covered incentive; and 
(ii) to pay reasonable costs related to 
the operating expenses for such covered in-
centive, including costs relating to the spe-
cialized workforce, essential materials, and 
complex equipment maintenance, as deter-
mined by the Secretary. 
(B) 
LARGER
INVESTMENTS.—If 
the 
amount awarded under the Program with re-
spect to the project is more than $150,000,000, 
the covered entity that received such award may 
use such amounts only for the purposes de-
scribed in subparagraph (A) to the extent that 
such use meets the national security needs or 
enhances the economic competitiveness of the 
United States. 
(5) CLAWBACK.— 
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(A) DELAY CLAWBACK.— 
(i) TARGET DATES.—With respect to 
any award made under the Program, the 
Secretary shall— 
(I) determine target dates by 
which the project with respect to 
which such award was made shall 
commence and complete; and 
(II) set such dates by the time of 
the award. 
(ii) PROGRESSIVE
RECOVERY
FOR 
DELAYS.—If a project is not commenced 
and completed by the dates determined 
under clause (i) for such project, the Sec-
retary shall progressively recover from the 
recipient of the award for such project up 
to the full amount of such award. 
(iii) WAIVER.—In the case of a 
project that is not commenced or com-
pleted by the dates determined under 
clause (i) for such project, the Secretary 
may waive elements of the clawback provi-
sions incorporated in the award made 
under the Program for such project only if, 
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prior to granting such waiver, the Sec-
retary— 
(I) makes a formal determination 
that circumstances beyond the ability 
of the covered entity to foresee or con-
trol are responsible for delays; and 
(II) submits a notice to Congress. 
(B) TECHNOLOGY
CLAWBACK.—The Sec-
retary may recover the full amount of any 
award made under the Program from the re-
cipient of the award if, during the period deter-
mined under subparagraph (A)(i) for the 
project with respect to which such award was 
made, the recipient knowingly engages in any 
joint research or technology licensing effort 
with a foreign entity of concern that relates to 
a technology or product that raises national se-
curity concerns, as determined by the Secretary. 
(C) NOTIFICATION TO CONGRESS.— 
(i) IN GENERAL.—The Secretary shall 
notify Congress of— 
(I) the clawback provisions at-
tending each award described in sub-
paragraph (A)(i); and 
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(II) each waiver provided under 
subparagraph (A)(iii) not later than 
15 days after the date on which the 
Secretary provides such waiver. 
(ii) WAIVER NOTICE CONTENTS.—The 
notice required under clause (i)(II) shall 
include— 
(I) the elements of the clawback 
provisions that were waived under 
subparagraph (A)(iii); 
(II) an explanation of why such 
waiver was provided; 
(III) the duration of the delay 
with respect to which such waiver was 
granted; and 
(IV) the name of the covered en-
tity that was granted such waiver. 
(c) COORDINATION REQUIRED.—In carrying out the 
Program, the Secretary shall coordinate with— 
(1) the Secretary of State; 
(2) the Secretary of Defense; 
(3) the Secretary of Energy; 
(4) the Director of National Intelligence; 
(5) the Director of the Minority Business De-
velopment Agency of the Department of Commerce; 
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(6) the Administrator of the Small Business 
Administration; 
(7) the Director of the National Institute of 
Standards and Technology; 
(8) the Director of the Cybersecurity and Infra-
structure Agency; and 
(9) the Director of the Office of Foreign Assets 
Control of the Department of the Treasury. 
(d) GAO REVIEWS.—The Comptroller General of the 
United States shall— 
(1) not later than 2 years after the date of dis-
bursement of the first award under the Program, 
and biennially thereafter for 10 years, conduct a re-
view of the Program, which shall include— 
(A) a determination of the number of 
awards provided under the Program during the 
two-year period immediately preceding the re-
view; 
(B) an evaluation of how— 
(i) such program is being carried out, 
including how recipients of awards under 
the Program are being selected; and 
(ii) other Federal programs are lever-
aged for manufacturing, research, and 
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