This legislation aims to provide Congress with ongoing insights into the status and advancements of China's semiconductor sector. It is intended to inform U.S. strategies to counterbalance China's technological ambitions and to evaluate the effectiveness of current export controls. The bill outlines specific elements that must be included in the reports, such as an assessment of China's domestic capabilities, industrial policies, and collaboration with foreign countries. These insights could directly influence U.S. policy decisions and approaches to technology and trade involving semiconductors.
Summary
House Bill 5287, known as the China Advanced Technology Monitoring Act, mandates an annual report on the advanced semiconductor manufacturing capabilities of the People's Republic of China. The bill seeks to enhance U.S. awareness and responsiveness to China's growing capabilities in semiconductor technology, which has significant implications for national security and economic competitiveness. The report will be prepared by the Secretary of Defense with input from other federal agencies, focusing on key findings, assessments, and recommendations related to China's semiconductor manufacturing efforts.
Contention
While there is broad bipartisan support for monitoring China's technological advancements, the bill may raise concerns regarding the implications of such a focused assessment. Critics may argue that constant scrutiny of China's manufacturing capabilities could escalate tensions in U.S.-China relations. Additionally, debates may arise regarding the potential for the bill's requirements to impact diplomatic initiatives or trade agreements aimed at cooperation on technology and other critical sectors.
Expressing the sense of the House of Representatives relating to the Communist Party of China's "Made In China 2025" Plan and publicly-known malign Communist Party of China's actions supporting the goals of its "Made in China 2025" plan.
To protect the national security of the United States by imposing sanctions with respect to certain persons of the People's Republic of China and prohibiting and requiring notifications with respect to certain investments by United States persons in the People's Republic of China, and for other purposes.
Urges Congress to reconcile United States Innovation and Competition Act and American COMPETES Act to expedite funding for semiconductor production and innovation.
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit.
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions relating to local resource manufacturing and for Pennsylvania Milk Processing and providing for Reliable Energy Investment Tax Credit and for Pennsylvania Milk Processing; in Regional Clean Hydrogen Hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.
In Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits relating to semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions, for eligibility, for application and approval of tax credit and for sale or assignment.
Urging Congress to pass the "CHIPS for America Act" or any legislation that substantially increases the United States' investments in semiconductor manufacturing and research.