(a) There is established within the Executive Office of the President the CHIPS Implementation Steering Council (Steering Council). The function of the Steering Council is to coordinate policy development to ensure the effective implementation of the Act within the executive branch.
(b) The Assistant to the President for Economic Policy, the Assistant to the President for National Security Affairs, and the Director of the Office of Science and Technology Policy shall serve as Co-Chairs of the Steering Council.
(c) In addition to the Co-Chairs, the Steering Council shall consist of the following members:
(i) the Secretary of State;
(ii) the Secretary of the Treasury;
(iii) the Secretary of Defense;
(iv) the Secretary of Commerce;
(v) the Secretary of Labor;
(vi) the Secretary of Energy;
(vii) the Director of the Office of Management and Budget;
(viii) the Administrator of the Small Business Administration;
(ix) the Director of National Intelligence;
(x) the Assistant to the President for Domestic Policy;
(xi) the Chair of the Council of Economic Advisers;
(xii) the National Cyber Director;
(xiii) the Director of the National Science Foundation; and
(xiv) the heads of such other executive departments, agencies, and offices as the Co-Chairs may from time to time invite to participate.
(d) The Co-Chairs may create and coordinate subgroups consisting of Steering Council members or their designees, as appropriate.
(e) The Co-Chairs may consult with leaders from industry, labor unions and other worker organizations, institutions of higher education, research institutions, and civil society, as appropriate and consistent with law, to provide individual perspectives and advice to the Steering Council on the effective implementation of the Act.
(f) The Co-Chairs may consult with the President's Council of Advisors on Science and Technology, as appropriate and consistent with law, to provide advice to the Steering Council.