US Codex
Bill
Notes

S. 3309 — what changed

Securing Semiconductor Supply Chains Act of 2022

From Reported in Senate to Engrossed in Senate. 5 sections amended and 1 added between Reported in Senate and Engrossed in Senate.

Section 1 Short title

changed This Act may be cited as the “Securing Semiconductor Supply Chains Act of 2021”.2022”.

Sec. 2 SelectUSA defined

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

Sec. 3 Findings

Congress makes the following findings:

(1)
changed Semiconductors underpin the United States and global economies, especially with respect to manufacturing. including manufacturing sectors. Semiconductors are also essential to the 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)
changed The supply chain for semiconductors is complex and global. While the United States plays a leading role in certain segments, segments of the semiconductor industry, securing the supply chain requires onshoring, reshoring, and or diversifying vulnerable segments, such as for—
(A)
fabrication;
(B)
advanced packaging; and
(C)
changed material inputs.materials and equipment used to manufacture semiconductor products.
(5)
changed The Federal Government can leverage foreign direct investment and private dollars to grow the domestic manufacturing and production capacity of the United States for vulnerable segments of the semiconductor supply chain.
(6)
changed 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 and to help secure the semiconductor supply chain of the United States.

Sec. 4 Coordination with State-level economic development organizations

changed Not later than 90 180 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)
changed to assess—review—
(A)
changed what efforts those organizations are engaged in the Federal Government can take to increase support increased foreign direct investment in any segment of semiconductor-related manufacturing and production;
(B)
changed what tools barriers to such investment may exist and resources those organizations have how to increase amplify State efforts to attract such investment;
(C)
changed public opportunities those organizations have identified to attract foreign direct investment to help increase investment described in subparagraph (A); and(A);
(D)
resource gaps or other challenges that prevent those organizations from increasing such investment; and
(2)
changed to develop recommendations for how SelectUSA can increase such investment independently or through partnership with those organizations.for—
(A)
added how SelectUSA can increase such investment independently or through partnership with those organizations; and
(B)
added working with countries that are allies or partners of the United States to ensure that foreign adversaries (as defined in section 8(c)(2) of the Secure and Trusted Communications Networks Act of 2019 (47 U.S.C. 1607(c)(2))) do not benefit from United States efforts to increase such investment.

Sec. 5 Report on increasing foreign direct investment in semiconductor-related manufacturing and production

changed Not later than one year 2 years 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.

Sec. 6 No additional funds

added

added No additional funds are authorized to be appropriated for the purpose of carrying out this Act. The Executive Director of SelectUSA shall carry out this Act using amounts otherwise available to the Executive Director for such purposes.