Bill > S229

This bill, the Securing Semiconductor Supply Chains Act of 2023, 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 aims to address current challenges and build resilience in the semiconductor supply chain, which is essential for the economic and national security of the United States. The bill directs SelectUSA to solicit comments from state organizations and develop recommendations on how to increase such investment, while ensuring that foreign adversaries do not benefit from these efforts. The bill also requires the Executive Director of SelectUSA to submit a report to Congress on the activities and strategies to achieve this goal.