Bill > S97

This bill aims to strengthen the United States semiconductor supply chain by requiring SelectUSA (a Department of Commerce program that supports foreign direct investment) to collaborate with state-level economic development organizations to increase investment in semiconductor manufacturing. The bill recognizes that semiconductors are critical to both economic and national security, and that the COVID-19 pandemic exposed vulnerabilities in the global semiconductor supply chain. Within 180 days of enactment, SelectUSA must solicit comments from state organizations to review potential federal support for foreign direct investment, identify investment barriers, explore opportunities to attract investment, and understand resource challenges. The bill requires SelectUSA to develop recommendations for increasing investment, with a specific focus on working with U.S. allies to prevent foreign adversaries from benefiting from these efforts. Additionally, within two years, SelectUSA must submit a report to Congressional committees detailing the comments received, activities undertaken to increase semiconductor-related foreign investment, and potential strategies for securing the semiconductor supply chain. Importantly, the bill stipulates that no additional funds will be appropriated, and SelectUSA must carry out these tasks using existing resources. The ultimate goal is to strengthen domestic semiconductor manufacturing capacity and reduce supply chain vulnerabilities.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/97/all-info