If enacted, HB 2480 would significantly impact the approach towards semiconductor manufacturing in the U.S. by focusing on state-level involvement in attracting foreign investment. The bill mandates that SelectUSA solicit feedback from state-level organizations to identify barriers and opportunities for investment in semiconductor segments. This collaboration aims to bridge gaps in resources and enhance the U.S. manufacturing capabilities by attracting investment needed to revitalize and expand production capacities.
Summary
House Bill 2480, titled the 'Securing Semiconductor Supply Chains Act of 2025', seeks to enhance coordination between the SelectUSA program and state-level economic development organizations. The bill is designed to promote foreign direct investment aimed at strengthening domestic semiconductor manufacturing and production, addressing previous supply chain disruptions that have affected the economy and national security, particularly in light of recent global challenges. It defines Semiconductors as critical components for both economic and national security in the United States, emphasizing the need for a resilient supply chain.
Sentiment
The general sentiment surrounding HB 2480 appears to be supportive, particularly among legislators who recognize the importance of reestablishing a secure semiconductor supply chain in the wake of recent shortages and economic repercussions. However, as the bill involves collaborations with state organizations, there may be some complexities regarding the execution and the effectiveness of such partnerships. Stakeholders are likely optimistic about the potential benefits for local economies, though concerns about the adequacy of federal support and resources may persist.
Contention
Notable points of contention could arise regarding the execution of this coordination, particularly surrounding the clarity of the responsibilities of SelectUSA versus state entities. Additionally, some may question if the strategy adequately ensures that investments do not inadvertently favor foreign adversaries, as the bill acknowledges the necessity of safeguarding U.S. interests. The bill does not allocate additional funds for its implementation, which raises concerns about resource constraints that might jeopardize its intended outcomes.
Related bill
Responsible Legislating ActThis bill establishes or modifies various federal programs and requirements, including those related to retirement accounts, penalties for certain sex offenses, foreign investment and ownership, and appropriations.The bill makes changes to retirement account contributions and distributions, including increasing the maximum amount that may be contributed to a Roth Individual Retirement Account (IRA) to include certain contributions to a Savings Incentive Match Plan for Employees (SIMPLE IRA) or Simplified Employee Pension (SEP) plan, subject to limitations. The bill establishes an enhanced penalty—an additional prison term of up to five years—for certain interstate human trafficking offenses or coercion of sexual activity that occurs in a school zone or related area.The Department of Commerce must report on efforts to increase foreign direct investment in semiconductor-related manufacturing and production. The Federal Maritime Commission must evaluate the effect of foreign ownership of marine terminals at the 15 largest U.S. container ports on U.S. economic security.The bill provides additional appropriations for the Departments of Health and Human Services, Agriculture, State, Defense, Homeland Security, and Energy.The bill extends mandatory livestock market reporting requirements through FY2025.The bill revises the required frequency of meetings held by a credit union's board of directors by decreasing the frequency for existing credit unions with satisfactory soundness ratings. The National Aeronautics and Space Administration's (NASA's) enhanced-use leasing authority is reauthorized through 2033.The bill requires hearings on the bill's implementation within one year of the date of enactment.
Related
Lower Costs for Everyday Americans Act Nationwide Consumer and Fuel Retailer Choice Act Recycling and Composting Accountability Act SUPPORT for Patients and Communities Reauthorization Act of 2025 American Music Tourism Act Deploying American Blockchains Act