Securing Semiconductor Supply Chains Act
Securing Semiconductor Supply Chains Act
Plain Language Summary
# Securing Semiconductor Supply Chains Act - Plain Language Summary **What the bill does:** This bill directs SelectUSA, a Department of Commerce program, to gather input from state economic development organizations about ways to attract foreign semiconductor companies to invest and build manufacturing facilities in the United States. SelectUSA would then report back to Congress with recommendations on how to strengthen America's semiconductor supply chain and increase foreign investment in this critical industry. **Who it affects:** The bill primarily affects semiconductor manufacturers and related businesses, state governments working on economic development, and Congress. Indirectly, it could benefit American consumers and industries that depend on semiconductors (electronics, defense, automobiles, etc.) by helping ensure a more stable domestic supply of computer chips. **Key provisions:** The bill requires SelectUSA to solicit feedback from state economic development officials and develop strategies to attract semiconductor manufacturing investment.
It emphasizes coordination between federal and state efforts and focuses on making the U.S. a more competitive location for this type of manufacturing. **Current status:** The bill passed the Senate and is awaiting action in the House of Representatives.
CRS Official Summary
Securing Semiconductor Supply Chains ActThis bill requires the SelectUSA program to solicit comments from state economic development organizations regarding federal efforts to increase foreign direct investment in semiconductor-related manufacturing and production. SelectUSA must then report to Congress on such comments and the strategies that SelectUSA may employ to increase such investment and to secure the U.S. semiconductor supply chain.SelectUSA is a Department of Commerce program established to coordinate federal efforts to attract and retain business investment in the United States.
Latest Action
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