11:58 AM EDT, 10/01/2024 (MT Newswires) -- President Joe Biden will sign the bill that eases federal environmental review requirements for certain semiconductor manufacturers that got subsidies under the 2022 CHIPS and Science Act, the New York Times reported Tuesday, citing White House officials.

Under the new law, qualifying projects will be exempted from reviews by federal agencies evaluating the environmental impact under the National Environmental Policy Act, the report added.

"President Biden plans to sign this bipartisan legislation, which will allow us to continue our efforts to ensure Americans across the country can benefit from the promise of the Investing in America agenda while protecting communities and the environment," a White House official reportedly said.

White House did not immediately respond to MT Newswires' request for comment.

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