Securing Semiconductor Supply Chains Act

The Securing Semiconductor Supply Chains Act, which passed the Senate and is now being debated in the House, would direct the SelectUSA program within the Department of Commerce to take specific steps to strengthen America's semiconductor industry. SelectUSA is a federal program designed to attract and retain business investment in the United States.

Under this bill, SelectUSA would be required to reach out to state economic development organizations and ask for their input on federal efforts to increase foreign direct investment in semiconductor manufacturing and production. This would involve gathering feedback from states about what strategies might work best to attract semiconductor companies and related manufacturing operations to their regions.

After collecting these comments from states, SelectUSA would then prepare a report to Congress detailing what it learned and outlining the strategies it could employ to increase foreign investment in U.S. semiconductor manufacturing. The goal would be to help secure and strengthen the domestic semiconductor supply chain, which is critical infrastructure for computers, electronics, and information technology industries.