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US HR7178

US HR7178
CHIPS for America Act Creating Helpful Incentives to Produce Semiconductors for America Act


summary

Introduced
06/11/2020
In Committee
06/11/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To restore American leadership in semiconductor manufacturing by increasing Federal incentives in order to enable advanced research and development, secure the supply chain, and ensure long-term national security and economic competitiveness. This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also establishes a trust fund to be allocated upon reaching an agreement with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies towards nonmarket economies. The Department of Commerce shall, through the National Institute of Standards and Technology (NIST), carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. Commerce shall also establish a program to match state and local government incentives offered to private entities for the purposes of building fabrication facilities relating to semiconductor manufacturing. Further, Commerce shall assess the capabilities of the U.S. industrial base to support the national defense in light of the global nature of supply chains and interdependencies between the industrial bases of the U.S. and foreign countries with respect to the manufacture and design of semiconductors. The Department of Defense shall prioritize the use of specified available amounts for programs, projects, and activities in connection with semiconductor and related technologies. The President shall establish within NIST a subcommittee on matters relating to U.S. leadership in semiconductor technology and innovation, which shall develop a national strategy on semiconductor research.

AI Summary

This bill, the CHIPS for America Act, aims to restore American leadership in semiconductor manufacturing by increasing federal incentives to enable advanced research and development, secure the supply chain, and ensure long-term national security and economic competitiveness. Specifically, the bill establishes an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. It also creates a trust fund to be allocated upon reaching an agreement with foreign government partners to promote consistency in policies related to microelectronics, transparency in microelectronic supply chains, and alignment in policies towards non-market economies. The Department of Commerce is directed to carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. The Department is also to establish a program to match state and local government incentives offered to private entities for building semiconductor fabrication facilities. Additionally, the Department of Defense is required to prioritize the use of specified funding for programs, projects, and activities in connection with semiconductor and related technologies. The President is to establish a subcommittee within the National Institute of Standards and Technology to develop a national strategy on semiconductor research.

Committee Categories

Business and Industry

Sponsors (30)

Last Action

Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Ways and Means, Armed Services, Financial Services, Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 06/11/2020)

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