Restoring Critical Supply Chains and Intellectual Property Act

Bill: 116-s-4324
Sponsor: Sen. Graham, Lindsey [R-SC]
Introduced: 2020-07-27 in the Senate
Policy area: Commerce
Subjects: Administrative law and regulatory procedures
Advanced technology and technological innovations
Advisory bodies
Asia
Business investment and capital
Buy American requirements
China
Coal
Competitiveness, trade promotion, trade deficits
Computers and information technology
Congressional oversight
Cultural exchanges and relations
Department of Agriculture
Department of Education
Department of the Interior
Earth sciences
Education programs funding
Emergency medical services and trauma care
Employment and training programs
Energy research
Energy storage, supplies, demand
Environmental assessment, monitoring, research
Foreign and international corporations
Fraud offenses and financial crimes
Government information and archives
Government studies and investigations
Government trust funds
Health personnel
Health technology, devices, supplies
Higher education
Immigration status and procedures
Income tax credits
Indian lands and resources rights
Industrial facilities
Industrial policy and productivity
Infrastructure development
Intellectual property
Intelligence activities, surveillance, classified information
International exchange and broadcasting
International organizations and cooperation
International scientific cooperation
Licensing and registrations
Manufacturing
Metals
Military procurement, research, weapons development
Mining
Office of Management and Budget (OMB)
Performance measurement
Political parties and affiliation
Public contracts and procurement
Public-private cooperation
Radioactive wastes and releases
Research administration and funding
Research and development
Scientific communication
Small business
Solid waste and recycling
Strategic materials and reserves
Student aid and college costs
Subversive activities
Teaching, teachers, curricula
Technology transfer and commercialization
Trade restrictions
Visas and passports
Water quality
Water use and supply
Worker safety and health

Summary:
action_date: 2020-07-27
text: 

Restoring Critical Supply Chains and Intellectual Property Act

 
This bill establishes tax credits, incentives, and other measures to support U.S. production of personal protective equipment (PPE), semiconductors, and critical minerals.
 
Among other things, the bill (1) prohibits the use of federal funds for procurement of PPE items not produced in the United States, and (2) establishes a $7.5 billion tax credit for investment in certain medical PPE manufacturing projects.
 
The bill also addresses the security of federally funded research and development grants and export-controlled goods, technologies, or sensitive information, including by establishing a Federal Research Security Council to develop research and development grant making policy and management guidance to protect the national and economic security interests of the United States. Further, it prohibits any federal grant application that fails to disclose the receipt of any outside compensation, including foreign compensation.
 
The bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security, such as requiring the National Institute of Standards and Technology to carry out a semiconductor manufacturing program to accelerate research and development for next generation semiconductors.
 
Lastly, the bill addresses availability, development, and production of domestic critical minerals by (1) requiring the President to coordinate agencies to implement U.S. policy regarding critical minerals, including by establishing a capability for identifying critical mineral demand and supply; (2) establishing a grant program for critical mineral education, training, and workforce development programs at institutions of higher education; and (3) reauthorizing through FY2030 the National Geological and Geophysical Data Preservation Program.
 


Legislative actions:
action_date: 2020-07-27
text: Read twice and referred to the Committee on Finance.
action_date: 2020-07-27
text: Introduced in Senate