CHIPS and Equitable Access to Government Services Will Make the U.S. More Competitive
Blog post from Socure
President Biden’s CHIPS and Science Act combines $52 billion in semiconductor manufacturing incentives with more than $200 billion in broader technology investments, including research and development in artificial intelligence, robotics, data storage, and other strategic fields. The law also expands responsibilities for the National Institute of Standards and Technology, directing it to develop voluntary standards for more accurate, inclusive, and adaptive digital identity verification and fraud prevention systems. Prompted partly by widespread fraud and access challenges during the COVID-19 pandemic, these provisions seek to replace outdated credit-based and knowledge-based identity checks that can exclude unbanked, underbanked, and low-credit-history Americans. The legislation further requires evaluation of biometric identification technologies for bias, fairness, accuracy, and consent, along with a Government Accountability Office report on their effects on historically marginalized communities. Socure, which advocated for several identity-related provisions, argues that modern data-driven approaches can strengthen security, reduce fraud, expand equitable access to public services, and lessen reliance on controversial technologies such as facial recognition.
No tracked trend matches for this post yet.
Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.