Securing Semiconductor Supply Chains Act
Description
This bill would require SelectUSA to coordinate with states on strategies to increase foreign investment in U.S. semiconductor production.
Summary
What it does
This bill would require the Department of Commerce's SelectUSA program to gather feedback from state economic development organizations regarding federal initiatives to attract foreign investment in semiconductor manufacturing. Based on these comments, the program would be required to report to Congress on strategies to increase such investment and strengthen the domestic semiconductor supply chain.
Who is affected
This bill directly affects the SelectUSA program within the Department of Commerce and state economic development organizations, which must provide input on federal efforts to attract investment. It also impacts foreign entities seeking direct investment opportunities in U.S.-based semiconductor manufacturing and production. Additionally, the legislation involves the U.S. Congress, which will receive reports regarding strategies to secure the semiconductor supply chain.
Key provisions
- State Consultation on Semiconductor Investment. The bill mandates the SelectUSA program to collect input from state economic development organizations concerning federal initiatives to attract foreign direct investment in semiconductor manufacturing and production.
- Reporting on Investment Strategies and Supply Chain Security. SelectUSA must submit a report to Congress detailing the feedback received from states and outlining specific strategies to increase business investment and strengthen the domestic semiconductor supply chain.
Fiscal impact
- S. 97, Securing Semiconductor Supply Chains Act· As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 12, 2025
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
The bill modifies the operations of SelectUSA, an existing Department of Commerce program established to coordinate federal efforts to attract and retain business investment in the United States.
Stated purpose
The bill aims to strengthen the domestic semiconductor supply chain by coordinating federal and state efforts to attract foreign direct investment in semiconductor manufacturing and production.