Securing Semiconductor Supply Chains Act
The Securing Semiconductor Supply Chains Act would require the SelectUSA program, housed in the Department of Commerce, to coordinate with State-level economic development organizations to attract and increase foreign direct investment (FDI) in semiconductor-related manufacturing and production in the United States. The Executive Director of SelectUSA must, within 180 days of enactment, solicit input from state-level organizations on how to boost investment, barriers to investment, potential opportunities, and resource gaps; and develop recommendations for how SelectUSA can work alone or with states to grow investment, including ensuring that allied countries don’t benefit from U.S. investment efforts. Not later than two years after enactment, SelectUSA must submit a report to Congress detailing input received, current activities, and strategic options for expanding FDI and strengthening the semiconductor supply chain. The bill explicitly provides that no new funds are authorized; implementation would occur using existing resources.
Key Points
- 1Defines SelectUSA as the Department of Commerce program created by Executive Order 13577.
- 2Finds that semiconductors are critical to the U.S. economy and national security, and identifies onshoring/reshoring/diversification (fabrication, advanced packaging, materials/equipment) as priorities for a resilient supply chain.
- 3Requires 180-day outreach to state-level economic development organizations to review: federal support, investment barriers, public opportunities, and resource gaps; and to develop joint recommendations for boosting investment.
- 4Mandates a two-year Congress-facing report from SelectUSA detailing feedback, current activities, and strategic options, including interagency coordination and state-level collaboration.
- 5No new funding is authorized; the act uses SelectUSA’s existing resources.