$7.4 Billion

CLAWBACK $7.4 BILLION

The Biden administration created a new entity called Natcast as a slush fund, siphoning billions in taxpayer dollars at the expense of American innovation and national security.

Commerce is clawing back more than $7.4B in tax dollars from this illegal,… pic.twitter.com/iHOBUI1C4j

— Howard Lutnick (@howardlutnick) August 25, 2025

… unaccountable, left-wing created fake department.

This kind of impropriety is boldly illegal and this administration will end it. The Trump Administration is committed to efficient use of taxpayer funds and continued American leadership in semiconductors.