This bill asks a government program called SelectUSA to reach out to state economic development officials and ask them what they think about federal efforts to attract foreign companies to build semiconductor factories in America. SelectUSA is part of the Department of Commerce and works to bring business investment into the United States. After gathering these comments from the states, the program must write a report to Congress explaining what the states said and outlining strategies for attracting more semiconductor manufacturing investment while making sure America has a secure supply of semiconductors. Essentially, the bill is trying to make sure that when the federal government works to bring semiconductor manufacturing to the U.S., it's doing so in a way that actually helps states and strengthens America's ability to produce its own computer chips rather than relying on other countries.

Securing Semiconductor Supply Chains Act

Peters, Gary C.

Securing Semiconductor Supply Chains ActThis bill requires the SelectUSA program to solicit comments from state economic development organizations regarding federal efforts to increase foreign direct investment in semiconductor-related manufacturing and production. SelectUSA must then report to Congress on such comments and the strategies that SelectUSA may employ to increase such investment and to secure the U.S. semiconductor supply chain.SelectUSA is a Department of Commerce program established to coordinate federal efforts to attract and retain business investment in the United States.