Securing Semiconductor Supply Chains Act of 2023

118TH CONGRESS 1ST SESSION S. 229 AN ACT 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 2 † S 229 ES SECTION 1. SHORT TITLE. 1 This Act may be cited as the ‘‘Securing Semicon- 2 ductor Supply Chains Act of 2023’’. 3 SEC. 2. SELECTUSA DEFINED. 4 In this Act, the term ‘‘SelectUSA’’ means the 5 SelectUSA program of the Department of Commerce es- 6 tablished by Executive Order 13577 (76 Fed. Reg. 7 35,715). 8 SEC. 3. FINDINGS. 9 Congress makes the following findings: 10 (1) Semiconductors underpin the United States 11 and global economies, including manufacturing sec- 12 tors. Semiconductors are also essential to the na- 13 tional security of the United States. 14 (2) A shortage of semiconductors, brought 15 about by the COVID–19 pandemic and other com- 16 plex factors impacting the overall supply chain, has 17 threatened the economic recovery of the United 18 States and industries that employ millions of United 19 States citizens. 20 (3) Addressing current challenges and building 21 resilience against future risks requires ensuring a se- 22 cure and stable supply chain for semiconductors that 23 will support the economic and national security 24 needs of the United States and its allies. 25 3 † S 229 ES (4) The supply chain for semiconductors is 1 complex and global. While the United States plays 2 a leading role in certain segments of the semicon- 3 ductor industry, securing the supply chain requires 4 onshoring, reshoring, or diversifying vulnerable seg- 5 ments, such as for— 6 (A) fabrication; 7 (B) advanced packaging; and 8 (C) materials and equipment used to man- 9 ufacture semiconductor products. 10 (5) The Federal Government can leverage for- 11 eign direct investment and private dollars to grow 12 the domestic manufacturing and production capacity 13 of the United States for vulnerable segments of the 14 semiconductor supply chain. 15 (6) The SelectUSA program of the Department 16 of Commerce, in coordination with other Federal 17 agencies and State-level economic development orga- 18 nizations, is positioned to boost foreign direct invest- 19 ment in domestic manufacturing and to help secure 20 the semiconductor supply chain of the United States. 21 SEC. 4. COORDINATION WITH STATE-LEVEL ECONOMIC DE- 22 VELOPMENT ORGANIZATIONS. 23 Not later than 180 days after the date of the enact- 24 ment of this Act, the Executive Director of SelectUSA 25 4 † S 229 ES shall solicit comments from State-level economic develop- 1 ment organizations— 2 (1) to review— 3 (A) what efforts the Federal Government 4 can take to support increased foreign direct in- 5 vestment in any segment of semiconductor-re- 6 lated production; 7 (B) what barriers to such investment may 8 exist and how to amplify State efforts to attract 9 such investment; 10 (C) public opportunities those organiza- 11 tions have identified to attract foreign direct in- 12 vestment to help increase investment described 13 in subparagraph (A); and 14 (D) resource gaps or other challenges that 15 prevent those organizations from increasing 16 such investment; and 17 (2) to develop recommendations for— 18 (A) how SelectUSA can increase such in- 19 vestment independently or through partnership 20 with those organizations; and 21 (B) working with countries that are allies 22 or partners of the United States to ensure that 23 foreign adversaries (as defined in section 24 8(c)(2) of the Secure and Trusted Communica- 25 5 † S 229 ES tions Networks Act of 2019 (47 U.S.C. 1 1607(c)(2))) do not benefit from United States 2 efforts to increase such investment. 3 SEC. 5. REPORT ON INCREASING FOREIGN DIRECT INVEST- 4 MENT IN SEMICONDUCTOR-RELATED MANU- 5 FACTURING AND PRODUCTION. 6 Not later than 2 years after the date of the enact- 7 ment of this Act, the Executive Director of SelectUSA, 8 in coordination with the Federal Interagency Investment 9 Working Group established by Executive Order 13577 (76 10 Fed. Reg. 35,715; relating to establishment of the 11 SelectUSA Initiative), shall submit to the Committee on 12 Commerce, Science, and Transportation of the Senate and 13 the Committee on Energy and Commerce of the House 14 of Representatives a report that includes— 15 (1) a review of the comments SelectUSA re- 16 ceived from State-level economic development organi- 17 zations under section 4; 18 (2) a description of activities SelectUSA is en- 19 gaged in to increase foreign direct investment in 20 semiconductor-related manufacturing and produc- 21 tion; and 22 (3) an assessment of strategies SelectUSA may 23 implement to achieve an increase in such investment 24 6 † S 229 ES and to help secure the United States supply chain 1 for semiconductors, including by— 2 (A) working with other relevant Federal 3 agencies; and 4 (B) working with State-level economic de- 5 velopment organizations and implementing any 6 strategies or recommendations SelectUSA re- 7 ceived from those organizations. 8 SEC. 6. NO ADDITIONAL FUNDS. 9 No additional funds are authorized to be appro- 10 priated for the purpose of carrying out this Act. The Exec- 11 utive Director of SelectUSA shall carry out this Act using 12 amounts otherwise available to the Executive Director for 13 such purposes. 14 Passed the Senate December 13, 2023. Attest: Secretary. 118TH CONGRESS 1ST SESSION S. 229 AN ACT To require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-re- lated manufacturing and production.