Bill directs SelectUSA to boost foreign investment in chip manufacturing
Passed one chamberS. 97Latest action
Sponsor: Gary C. Peters · Senator · MI
AIDecoded by AI · checked against the recordRead the official text
Official title: Securing Semiconductor Supply Chains Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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SelectUSA would team up with states to attract foreign investment in U.S. semiconductor manufacturing.
35-second read · 4 questions answered below
What does this do?
The Securing Semiconductor Supply Chains Act directs SelectUSA to work with state economic development offices to attract foreign investment in semiconductor manufacturing, packaging, and related materials. Within 180 days it must gather state input and identify investment barriers, and within two years it must report to Congress on its strategies.
Who does it affect?
The bill affects SelectUSA, the Department of Commerce, state economic development offices, and the semiconductor industry.
Why does it matter?
Supply shortages in recent years have hurt the economy and raised national security concerns, and the bill requires safeguards so that "foreign adversaries" like China, Russia, Iran, and North Korea don't benefit from the effort.
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Where does it stand?
- IntroducedJan 15, 2025
- Senate committee
- Senate vote
- HouseYou are here · May 26, 2025
- The president's desk
Right now: it passed the Senate, and the official record shows nothing new since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Held at the desk.