Bill > HR2480

This bill aims to strengthen the United States semiconductor supply chain by directing the SelectUSA program (a Department of Commerce initiative that helps international companies invest in the U.S.) to more actively coordinate with state-level economic development organizations to attract foreign direct investment in semiconductor manufacturing. The bill recognizes the critical importance of semiconductors to national economic and security interests, particularly in light of supply chain disruptions during the COVID-19 pandemic. Specifically, the bill requires SelectUSA to solicit comments from state organizations within 180 days to review barriers to foreign investment, identify opportunities for attracting investment, and develop recommendations for increasing investment in vulnerable segments of semiconductor production such as fabrication, advanced packaging, and manufacturing equipment. Within two years, SelectUSA must submit a report to congressional committees detailing the comments received, its current activities to increase semiconductor-related foreign investment, and potential strategies for securing the semiconductor supply chain. Importantly, the bill emphasizes working with U.S. allies to ensure that foreign adversaries do not benefit from these investment efforts, and it mandates these activities without requesting additional funding beyond existing resources.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2480/all-info