Bill > S3309

This bill, the Securing Semiconductor Supply Chains Act of 2022, requires the SelectUSA program of the Department of Commerce to coordinate with state-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production. The goal is to address challenges and build resilience in the semiconductor supply chain, which is essential for the economic and national security of the United States and its allies. The bill directs SelectUSA to solicit comments from state-level organizations to identify barriers, opportunities, and strategies to attract more foreign investment in vulnerable segments of the semiconductor supply chain, such as fabrication, advanced packaging, and materials and equipment. The bill also requires SelectUSA to submit a report to Congress on its activities and strategies to achieve this goal.