Sponsors (3)
The bill aims to boost domestic semiconductor production and supply-chain security by coordinating FDI attraction without new spending, but it risks higher costs, concentrated benefits, limited implementation capacity, and uncertain near-term results.
Tech workers and small semiconductor manufacturers: increased foreign direct investment and a concrete SelectUSA plan are likely to create more domestic semiconductor projects and jobs.
State governments, small businesses, and industries: stronger coordination to secure the semiconductor supply chain reduces the risk of future shortages that can disrupt industries and consumer products.
State economic development organizations and federal agencies: establishing formal channels and a required SelectUSA report improves federal-state coordination and can speed project implementation if recommendations are adopted.
Small manufacturers, tech workers, and consumers: prioritizing onshoring and protective measures could raise production costs and lead to higher prices or reduced competitiveness versus lower-cost global suppliers.
Taxpayers: using federal programs to attract FDI increases government involvement in industrial policy and raises the risk of picking winners or misallocating taxpayer-backed incentives.
Small businesses, state governments, and regional economies: FDI attraction efforts may disproportionately benefit larger firms or favored states/companies, concentrating economic gains and disadvantaging other regions or SMEs.
Based on analysis of 6 sections of legislative text.
Introduced January 15, 2025 by Gary C. Peters · Last progress May 26, 2025
Requires the Commerce Department’s SelectUSA program to gather input from State economic development organizations within 180 days on how to increase foreign direct investment (FDI) into semiconductor manufacturing and related production, and to deliver a coordinated report to Congress within two years with activities, recommendations, and strategies to secure the U.S. semiconductor supply chain. Directs SelectUSA to coordinate with the Federal Interagency Investment Working Group, include measures to prevent foreign adversaries from benefiting, and to carry out the work using existing funds (no new appropriations).