Title: Securing Semiconductor Supply Chains Act of 2021
Policy area: Commerce

Summary:
Securing Semiconductor Supply Chains Act of 2021
This bill requires the SelectUSA program to solicit comments from state economic development organizations regarding their 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.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3309 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 3309

     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

                            December 2, 2021

   Mr. Peters (for himself and Mr. Scott of Florida) introduced the 
 following bill; which was read twice and referred to the Committee on 
                 Commerce, Science, and Transportation

_______________________________________________________________________

                                 A BILL


 
     To require SelectUSA to coordinate with State-level economic 
  development organizations to increase foreign direct investment in 
          semiconductor-related manufacturing and production.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Securing Semiconductor Supply Chains 
Act of 2021''.

SEC. 2. SELECTUSA DEFINED.

    In this Act, the term ``SelectUSA'' means the SelectUSA Initiative 
of the Department of Commerce established by Executive Order 13577 (76 
Fed. Reg. 35,715).

SEC. 3. FINDINGS.

    Congress makes the following findings:
            (1) Semiconductors underpin the United States and global 
        economies, especially with respect to manufacturing. 
        Semiconductors are also essential to national security and 
        military applications of the United States.
            (2) A shortage of semiconductors, brought about by the 
        COVID-19 pandemic and other complex factors impacting the 
        overall supply chain, has threatened the economic recovery of 
        the United States and industries that employ millions of United 
        States citizens.
            (3) Addressing current challenges and building resilience 
        against future risks requires ensuring a secure and stable 
        supply chain for semiconductors that will support the economic 
        and national security needs of the United States and its 
        allies.
            (4) The supply chain for semiconductors is complex and 
        global. While the United States plays a leading role in certain 
        segments, securing the supply chain requires onshoring, 
        reshoring, and diversifying vulnerable segments, such as for--
                    (A) fabrication;
                    (B) advanced packaging; and
                    (C) material inputs.
            (5) The Federal Government can leverage foreign direct 
        investment and private dollars to grow the domestic 
        manufacturing capacity of the United States for vulnerable 
        segments of the semiconductor supply chain.
            (6) The SelectUSA program of the Department of Commerce, in 
        coordination with other Federal agencies and State-level 
        economic development organizations, is positioned to boost 
        foreign direct investment in domestic manufacturing that will 
        help secure the semiconductor supply chain of the United 
        States.

SEC. 4. COORDINATION WITH STATE-LEVEL ECONOMIC DEVELOPMENT 
              ORGANIZATIONS.

    Not later than 90 days after the date of the enactment of this Act, 
the Executive Director of SelectUSA shall solicit comments from State-
level economic development organizations--
            (1) to assess--
                    (A) what efforts those organizations are engaged in 
                to increase foreign direct investment in any segment of 
                semiconductor-related manufacturing and production;
                    (B) what tools and resources those organizations 
                have to increase such investment;
                    (C) opportunities those organizations have 
                identified to attract foreign direct investment to help 
                increase investment described in subparagraph (A); and
                    (D) resource gaps or other challenges that prevent 
                those organizations from increasing such investment; 
                and
            (2) to develop recommendations for how SelectUSA can 
        increase such investment independently or through partnership 
        with those organizations.

SEC. 5. REPORT ON INCREASING FOREIGN DIRECT INVESTMENT IN 
              SEMICONDUCTOR-RELATED MANUFACTURING AND PRODUCTION.

    Not later than one year after the date of the enactment of this 
Act, the Executive Director of SelectUSA, in coordination with the 
Federal Interagency Investment Working Group established by Executive 
Order 13577 (76 Fed. Reg. 35,715; relating to establishment of the 
SelectUSA Initiative), shall submit to the Committee on Commerce, 
Science, and Transportation of the Senate and the Committee on Energy 
and Commerce of the House of Representatives a report that includes--
            (1) a review of the comments SelectUSA received from State-
        level economic development organizations under section 4;
            (2) a description of activities SelectUSA is engaged in to 
        increase foreign direct investment in semiconductor-related 
        manufacturing and production; and
            (3) an assessment of strategies SelectUSA may implement to 
        achieve an increase in such investment and to help secure the 
        United States supply chain for semiconductors, including by--
                    (A) working with other relevant Federal agencies; 
                and
                    (B) working with State-level economic development 
                organizations and implementing any strategies or 
                recommendations SelectUSA received from those 
                organizations.
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