Semiconductor Investment Coordination Bill

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

1. SelectUSA must gather feedback from state organizations within 180 days of the bill's enactment to identify barriers to foreign investment in semiconductors. 2. A report on the progress and strategies for increasing foreign investment in semiconductor production is due within two years of the bill's enactment. 3. The bill does not allocate new funds; it requires SelectUSA to use existing resources to implement its provisions.

State-level economic development organizations and foreign investors interested in semiconductor manufacturing in the U.S.