CHIPS Federal credit, portfolio management, and financial management support

The Department of Commerce is seeking professional services to provide federal credit, portfolio management, and financial management support. The primary objective of this contract is to ensure the oversight and protection of CHIPS funds through the implementation of controls designed to mitigate fraud, waste, and abuse. The selected provider will offer specialized financial expertise in investment and lending to ensure full compliance with the statutory and regulatory obligations mandated by the CHIPS Act, the Federal Credit Reform Act of 1990, and various OMB Circulars. This engagement is critical for meeting OMB requirements to limit the government's exposure to default losses and to prepare for mandatory balance sheet audits of loan assets. Classified under NAICS code 541611, this forecast outlines a need for high-level financial oversight to maintain the integrity of the program's lending activities and overall fiscal accountability.