Securing Semiconductor Supply Chains Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill directs the SelectUSA program, part of the Department of Commerce, to gather input from state economic development organizations regarding efforts to attract foreign investment in semiconductor manufacturing and production. SelectUSA must then report to Congress on these comments and develop strategies to increase investment and bolster the U.S. semiconductor supply chain. The goal is to strengthen national security and economic stability by ensuring a secure supply of semiconductors.
Key provisions
- Requires SelectUSA to solicit feedback from state economic development organizations.
- Directs SelectUSA to review barriers to foreign investment in semiconductors.
- Instructs SelectUSA to identify public opportunities for attracting investment.
- Asks SelectUSA to assess resource gaps hindering investment growth.
- Mandates SelectUSA to develop recommendations for increasing investment independently or with state partners.
- Requires SelectUSA to consider the potential for adversaries to benefit from U.S. investment efforts.
- Orders SelectUSA to submit a report to Congress summarizing feedback and proposed strategies.
- Specifies that SelectUSA should coordinate with other federal agencies and state organizations.
Who is affected
- State economic development organizations
- Department of Commerce (SelectUSA program)
- Semiconductor manufacturers
Bill text
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Sponsors
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3 on record
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