Bill > HR7576

This bill, the Securing Semiconductor Supply Chains Act of 2022, aims to strengthen the semiconductor supply chain in the United States. It requires the SelectUSA program, a Department of Commerce initiative, to coordinate with state-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production. The bill identifies the importance of semiconductors to the U.S. economy and national security, and the need to address vulnerabilities in the complex global supply chain by onshoring, reshoring, or diversifying critical segments like fabrication, advanced packaging, and materials and equipment. The bill directs SelectUSA to solicit feedback from state organizations on supporting investment, identifying barriers, and working with U.S. allies to ensure foreign adversaries do not benefit from these efforts. It also requires SelectUSA to submit a report on its activities and strategies to increase foreign direct investment and secure the U.S. semiconductor supply chain.