Securing Semiconductor Supply Chains Act
Officially: “Securing Semiconductor Supply Chains Act” Read the full text
What it does
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1Short title
This section would give the Act the short title the Securing Semiconductor Supply Chains Act.
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1. Short title This Act may be cited as the Securing Semiconductor Supply Chains Act .
2SelectUSA defined
This section would define SelectUSA, for purposes of the Act, as the SelectUSA program of the Department of Commerce established by Executive Order 13577 (76 Fed. Reg. 35715).
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2. SelectUSA defined In this Act, the term SelectUSA means the SelectUSA program of the Department of Commerce established by Executive Order 13577 (76 Fed. Reg. 35715).
3Findings
This section would record Congress's findings that semiconductors underpin the United States and global economies, including manufacturing sectors, and are essential to United States national security. It would find that a semiconductor shortage, caused by the COVID-19 pandemic and other complex supply chain factors, has threatened the economic recovery of the United States and industries that employ millions of United States citizens. It would find that addressing current challenges and building resilience against future risks requires a secure and stable semiconductor supply chain that supports the economic and national security needs of the United States and its allies. It would find that the semiconductor supply chain is complex and global, and that while the United States plays a leading role in certain segments, securing the supply chain requires onshoring, reshoring, or diversifying vulnerable segments such as fabrication, advanced packaging, and materials and equipment used to manufacture semiconductor products. It would find that the federal government can leverage foreign direct investment and private dollars to grow domestic manufacturing and production capacity for vulnerable segments of the semiconductor supply chain. It would find that the SelectUSA program, in coordination with other federal agencies and State-level economic development organizations, is positioned to boost foreign direct investment in domestic manufacturing and help secure the United States semiconductor supply chain.
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3. Findings Congress makes the following findings: (1) Semiconductors underpin the United States and global economies, including manufacturing sectors. Semiconductors are also essential to the national security of the United States. (2) A shortage of semiconductors, brought about by the COVID–19 pandemic and other complex factors impacting the overall supply chain, has threatened the economic recovery of the United States and industries that employ millions of United States citizens. (3) Addressing current challenges and building resilience against future risks requires ensuring a secure and stable supply chain for semiconductors that will support the economic and national security needs of the United States and its allies. (4) The supply chain for semiconductors is complex and global. While the United States plays a leading role in certain segments of the semiconductor industry, securing the supply chain requires onshoring, reshoring, or diversifying vulnerable segments, such as for— (A) fabrication; (B) advanced packaging; and (C) materials and equipment used to manufacture semiconductor products. (5) The Federal Government can leverage foreign direct investment and private dollars to grow the domestic manufacturing and production capacity of the United States for vulnerable segments of the semiconductor supply chain. (6) The SelectUSA program of the Department of Commerce, in coordination with other Federal agencies and State-level economic development organizations, is positioned to boost foreign direct investment in domestic manufacturing and to help secure the semiconductor supply chain of the United States.
4Coordination with State-level economic development organizations
This section would require the Executive Director of SelectUSA, not later than 180 days after enactment, to solicit comments from State-level economic development organizations. The comments would have to review what efforts the federal government can take to support increased foreign direct investment in any segment of semiconductor-related production, what barriers to such investment may exist and how to amplify State efforts to attract it, public opportunities those organizations have identified to attract such investment, and resource gaps or other challenges that prevent those organizations from increasing such investment. The solicited comments would also have to develop recommendations for how SelectUSA can increase such investment on its own or through partnership with those organizations, and for working with countries that are United States allies or partners so that foreign adversaries, as defined in section 8(c)(2) of the Secure and Trusted Communications Networks Act of 2019 (47 U.S.C. 1607(c)(2)), do not benefit from United States efforts to increase such investment.
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4. Coordination with State-level economic development organizations Not later than 180 days after the date of the enactment of this Act, the Executive Director of SelectUSA shall solicit comments from State-level economic development organizations— (1) to review— (A) what efforts the Federal Government can take to support increased foreign direct investment in any segment of semiconductor-related production; (B) what barriers to such investment may exist and how to amplify State efforts to attract such investment; (C) public opportunities those organizations have identified to attract foreign direct investment to help increase investment described in subparagraph (A); and (D) resource gaps or other challenges that prevent those organizations from increasing such investment; and (2) to develop recommendations for— (A) how SelectUSA can increase such investment independently or through partnership with those organizations; and (B) working with countries that are allies or partners of the United States to ensure that foreign adversaries (as defined in section 8(c)(2) of the Secure and Trusted Communications Networks Act of 2019 ( 47 U.S.C. 1607(c)(2) )) do not benefit from United States efforts to increase such investment.
5Report on increasing foreign direct investment in semiconductor-related manufacturing and production
This section would require the Executive Director of SelectUSA, not later than 2 years after enactment and in coordination with the Federal Interagency Investment Working Group established by Executive Order 13577, to submit a report to the Senate Committee on Commerce, Science, and Transportation and the House Committee on Energy and Commerce. The report would have to include a review of the comments SelectUSA received from State-level economic development organizations under section 4, a description of activities SelectUSA is engaged in to increase foreign direct investment in semiconductor-related manufacturing and production, and an assessment of strategies SelectUSA may implement to increase such investment and help secure the United States semiconductor supply chain, including by working with other relevant federal agencies and by working with State-level economic development organizations and implementing any strategies or recommendations SelectUSA received from them.
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5. Report on increasing foreign direct investment in semiconductor-related manufacturing and production Not later than 2 years after the date of the enactment of this Act, the Executive Director of SelectUSA, in coordination with the Federal Interagency Investment Working Group established by Executive Order 13577 (76 Fed. Reg. 35,715; relating to establishment of the SelectUSA Initiative), shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Energy and Commerce of the House of Representatives a report that includes— (1) a review of the comments SelectUSA received from State-level economic development organizations under section 4; (2) a description of activities SelectUSA is engaged in to increase foreign direct investment in semiconductor-related manufacturing and production; and (3) an assessment of strategies SelectUSA may implement to achieve an increase in such investment and to help secure the United States supply chain for semiconductors, including by— (A) working with other relevant Federal agencies; and (B) working with State-level economic development organizations and implementing any strategies or recommendations SelectUSA received from those organizations.
6No additional funds
This section would authorize no additional funds to be appropriated to carry out the Act. The Executive Director of SelectUSA would have to carry out the Act using amounts otherwise available for that purpose.
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6. No additional funds No additional funds are authorized to be appropriated for the purpose of carrying out this Act. The Executive Director of SelectUSA shall carry out this Act using amounts otherwise available to the Executive Director for such purposes.
Where it is
In the Senate.