II
119THCONGRESS
1
STSESSION S. 97
To require SelectUSA to coordinate with State-level economic development
organizations to increase foreign direct investment in semiconductor-
related manufacturing and production.
IN THE SENATE OF THE UNITED STATES
JANUARY15, 2025
Mr. P
ETERS(for himself, Mrs. BLACKBURN, and Mr. SCOTTof Florida) intro-
duced the following bill; which was read twice and referred to the Com-
mittee on Commerce, Science, and Transportation
A BILL
To require SelectUSA to coordinate with State-level economic
development organizations to increase foreign direct in-
vestment in semiconductor-related manufacturing and
production.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Securing Semicon-4
ductor Supply Chains Act’’. 5
SEC. 2. SELECTUSA DEFINED. 6
In this Act, the term ‘‘SelectUSA’’ means the 7
SelectUSA program of the Department of Commerce es-8
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•S 97 IS
tablished by Executive Order 13577 (76 Fed. Reg. 1
35715). 2
SEC. 3. FINDINGS. 3
Congress makes the following findings: 4
(1) Semiconductors underpin the United States 5
and global economies, including manufacturing sec-6
tors. Semiconductors are also essential to the na-7
tional security of the United States. 8
(2) A shortage of semiconductors, brought 9
about by the COVID–19 pandemic and other com-10
plex factors impacting the overall supply chain, has 11
threatened the economic recovery of the United 12
States and industries that employ millions of United 13
States citizens. 14
(3) Addressing current challenges and building 15
resilience against future risks requires ensuring a se-16
cure and stable supply chain for semiconductors that 17
will support the economic and national security 18
needs of the United States and its allies. 19
(4) The supply chain for semiconductors is 20
complex and global. While the United States plays 21
a leading role in certain segments of the semicon-22
ductor industry, securing the supply chain requires 23
onshoring, reshoring, or diversifying vulnerable seg-24
ments, such as for— 25
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(A) fabrication; 1
(B) advanced packaging; and 2
(C) materials and equipment used to man-3
ufacture semiconductor products. 4
(5) The Federal Government can leverage for-5
eign direct investment and private dollars to grow 6
the domestic manufacturing and production capacity 7
of the United States for vulnerable segments of the 8
semiconductor supply chain. 9
(6) The SelectUSA program of the Department 10
of Commerce, in coordination with other Federal 11
agencies and State-level economic development orga-12
nizations, is positioned to boost foreign direct invest-13
ment in domestic manufacturing and to help secure 14
the semiconductor supply chain of the United States. 15
SEC. 4. COORDINATION WITH STATE-LEVEL ECONOMIC DE-16
VELOPMENT ORGANIZATIONS. 17
Not later than 180 days after the date of the enact-18
ment of this Act, the Executive Director of SelectUSA 19
shall solicit comments from State-level economic develop-20
ment organizations— 21
(1) to review— 22
(A) what efforts the Federal Government 23
can take to support increased foreign direct in-24
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vestment in any segment of semiconductor-re-1
lated production; 2
(B) what barriers to such investment may 3
exist and how to amplify State efforts to attract 4
such investment; 5
(C) public opportunities those organiza-6
tions have identified to attract foreign direct in-7
vestment to help increase investment described 8
in subparagraph (A); and 9
(D) resource gaps or other challenges that 10
prevent those organizations from increasing 11
such investment; and 12
(2) to develop recommendations for— 13
(A) how SelectUSA can increase such in-14
vestment independently or through partnership 15
with those organizations; and 16
(B) working with countries that are allies 17
or partners of the United States to ensure that 18
foreign adversaries (as defined in section 19
8(c)(2) of the Secure and Trusted Communica-20
tions Networks Act of 2019 (47 U.S.C. 21
1607(c)(2))) do not benefit from United States 22
efforts to increase such investment. 23
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SEC. 5. REPORT ON INCREASING FOREIGN DIRECT INVEST-1
MENT IN SEMICONDUCTOR-RELATED MANU-2
FACTURING AND PRODUCTION. 3
Not later than 2 years after the date of the enact-4
ment of this Act, the Executive Director of SelectUSA, 5
in coordination with the Federal Interagency Investment 6
Working Group established by Executive Order 13577 (76 7
Fed. Reg. 35,715; relating to establishment of the 8
SelectUSA Initiative), shall submit to the Committee on 9
Commerce, Science, and Transportation of the Senate and 10
the Committee on Energy and Commerce of the House 11
of Representatives a report that includes— 12
(1) a review of the comments SelectUSA re-13
ceived from State-level economic development organi-14
zations under section 4; 15
(2) a description of activities SelectUSA is en-16
gaged in to increase foreign direct investment in 17
semiconductor-related manufacturing and produc-18
tion; and 19
(3) an assessment of strategies SelectUSA may 20
implement to achieve an increase in such investment 21
and to help secure the United States supply chain 22
for semiconductors, including by— 23
(A) working with other relevant Federal 24
agencies; and 25
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(B) working with State-level economic de-1
velopment organizations and implementing any 2
strategies or recommendations SelectUSA re-3
ceived from those organizations. 4
SEC. 6. NO ADDITIONAL FUNDS. 5
No additional funds are authorized to be appro-6
priated for the purpose of carrying out this Act. The Exec-7
utive Director of SelectUSA shall carry out this Act using 8
amounts otherwise available to the Executive Director for 9
such purposes. 10
Æ
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