What are the three main provisions of the OMB's proposed grant administration rule that the American Chemical Society and other scientific societies oppose?

The 400-page OMB proposal would (1) require political appointees to review and approve all funding prior to award; (2) restrict funds for researchers collaborating with scientists in foreign countries deemed as adversaries; and (3) give funding agencies the ability to terminate any grant at any time at their discretion.

Why is the American Chemical Society urging the White House OMB to revise or rescind the proposed grant rule?

The American Chemical Society is calling on the OMB to heavily revise or rescind the proposed rule because scientific societies, advocacy groups, and others say it will 'fundamentally and negatively disrupt how research is funded in the US.'