Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB97 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 97
5	5	To require SelectUSA to coordinate with State-level economic development
6	6	organizations to increase foreign direct investment in semiconductor-
7	7	related manufacturing and production.
8	8	IN THE SENATE OF THE UNITED STATES
9	9	JANUARY15, 2025
10	10	Mr. P
11	11	ETERS(for himself, Mrs. BLACKBURN, and Mr. SCOTTof Florida) intro-
12	12	duced the following bill; which was read twice and referred to the Com-
13	13	mittee on Commerce, Science, and Transportation
14	14	A BILL
15	15	To require SelectUSA to coordinate with State-level economic
16	16	development organizations to increase foreign direct in-
17	17	vestment in semiconductor-related manufacturing and
18	18	production.
19	19	Be it enacted by the Senate and House of Representa-1
20	20	tives of the United States of America in Congress assembled, 2
21	21	SECTION 1. SHORT TITLE. 3
22	22	This Act may be cited as the ‘‘Securing Semicon-4
23	23	ductor Supply Chains Act’’. 5
24	24	SEC. 2. SELECTUSA DEFINED. 6
25	25	In this Act, the term ‘‘SelectUSA’’ means the 7
26	26	SelectUSA program of the Department of Commerce es-8
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30	30	tablished by Executive Order 13577 (76 Fed. Reg. 1
31	31	35715). 2
32	32	SEC. 3. FINDINGS. 3
33	33	Congress makes the following findings: 4
34	34	(1) Semiconductors underpin the United States 5
35	35	and global economies, including manufacturing sec-6
36	36	tors. Semiconductors are also essential to the na-7
37	37	tional security of the United States. 8
38	38	(2) A shortage of semiconductors, brought 9
39	39	about by the COVID–19 pandemic and other com-10
40	40	plex factors impacting the overall supply chain, has 11
41	41	threatened the economic recovery of the United 12
42	42	States and industries that employ millions of United 13
43	43	States citizens. 14
44	44	(3) Addressing current challenges and building 15
45	45	resilience against future risks requires ensuring a se-16
46	46	cure and stable supply chain for semiconductors that 17
47	47	will support the economic and national security 18
48	48	needs of the United States and its allies. 19
49	49	(4) The supply chain for semiconductors is 20
50	50	complex and global. While the United States plays 21
51	51	a leading role in certain segments of the semicon-22
52	52	ductor industry, securing the supply chain requires 23
53	53	onshoring, reshoring, or diversifying vulnerable seg-24
54	54	ments, such as for— 25
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58	58	(A) fabrication; 1
59	59	(B) advanced packaging; and 2
60	60	(C) materials and equipment used to man-3
61	61	ufacture semiconductor products. 4
62	62	(5) The Federal Government can leverage for-5
63	63	eign direct investment and private dollars to grow 6
64	64	the domestic manufacturing and production capacity 7
65	65	of the United States for vulnerable segments of the 8
66	66	semiconductor supply chain. 9
67	67	(6) The SelectUSA program of the Department 10
68	68	of Commerce, in coordination with other Federal 11
69	69	agencies and State-level economic development orga-12
70	70	nizations, is positioned to boost foreign direct invest-13
71	71	ment in domestic manufacturing and to help secure 14
72	72	the semiconductor supply chain of the United States. 15
73	73	SEC. 4. COORDINATION WITH STATE-LEVEL ECONOMIC DE-16
74	74	VELOPMENT ORGANIZATIONS. 17
75	75	Not later than 180 days after the date of the enact-18
76	76	ment of this Act, the Executive Director of SelectUSA 19
77	77	shall solicit comments from State-level economic develop-20
78	78	ment organizations— 21
79	79	(1) to review— 22
80	80	(A) what efforts the Federal Government 23
81	81	can take to support increased foreign direct in-24
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85	85	vestment in any segment of semiconductor-re-1
86	86	lated production; 2
87	87	(B) what barriers to such investment may 3
88	88	exist and how to amplify State efforts to attract 4
89	89	such investment; 5
90	90	(C) public opportunities those organiza-6
91	91	tions have identified to attract foreign direct in-7
92	92	vestment to help increase investment described 8
93	93	in subparagraph (A); and 9
94	94	(D) resource gaps or other challenges that 10
95	95	prevent those organizations from increasing 11
96	96	such investment; and 12
97	97	(2) to develop recommendations for— 13
98	98	(A) how SelectUSA can increase such in-14
99	99	vestment independently or through partnership 15
100	100	with those organizations; and 16
101	101	(B) working with countries that are allies 17
102	102	or partners of the United States to ensure that 18
103	103	foreign adversaries (as defined in section 19
104	104	8(c)(2) of the Secure and Trusted Communica-20
105	105	tions Networks Act of 2019 (47 U.S.C. 21
106	106	1607(c)(2))) do not benefit from United States 22
107	107	efforts to increase such investment. 23
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111	111	SEC. 5. REPORT ON INCREASING FOREIGN DIRECT INVEST-1
112	112	MENT IN SEMICONDUCTOR-RELATED MANU-2
113	113	FACTURING AND PRODUCTION. 3
114	114	Not later than 2 years after the date of the enact-4
115	115	ment of this Act, the Executive Director of SelectUSA, 5
116	116	in coordination with the Federal Interagency Investment 6
117	117	Working Group established by Executive Order 13577 (76 7
118	118	Fed. Reg. 35,715; relating to establishment of the 8
119	119	SelectUSA Initiative), shall submit to the Committee on 9
120	120	Commerce, Science, and Transportation of the Senate and 10
121	121	the Committee on Energy and Commerce of the House 11
122	122	of Representatives a report that includes— 12
123	123	(1) a review of the comments SelectUSA re-13
124	124	ceived from State-level economic development organi-14
125	125	zations under section 4; 15
126	126	(2) a description of activities SelectUSA is en-16
127	127	gaged in to increase foreign direct investment in 17
128	128	semiconductor-related manufacturing and produc-18
129	129	tion; and 19
130	130	(3) an assessment of strategies SelectUSA may 20
131	131	implement to achieve an increase in such investment 21
132	132	and to help secure the United States supply chain 22
133	133	for semiconductors, including by— 23
134	134	(A) working with other relevant Federal 24
135	135	agencies; and 25
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139	139	(B) working with State-level economic de-1
140	140	velopment organizations and implementing any 2
141	141	strategies or recommendations SelectUSA re-3
142	142	ceived from those organizations. 4
143	143	SEC. 6. NO ADDITIONAL FUNDS. 5
144	144	No additional funds are authorized to be appro-6
145	145	priated for the purpose of carrying out this Act. The Exec-7
146	146	utive Director of SelectUSA shall carry out this Act using 8
147	147	amounts otherwise available to the Executive Director for 9
148	148	such purposes. 10
149	149	Æ
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