Sponsors (3)
The bill directs SelectUSA to coordinate and recommend ways to attract semiconductor foreign investment—aiming to strengthen domestic production, jobs, and supply-chain security—but does so with limited new funding, added administrative burdens, potential regional or firm-level favoritism, and risks of higher costs for taxpayers and consumers.
Tech workers, manufacturers, and consumers: stronger domestic semiconductor production and coordinated federal actions reduce reliance on foreign suppliers and improve supply-chain resilience, lowering the risk of chip shortages.
State and local governments, tech firms, and local workers: SelectUSA coordination and targeted outreach are likely to attract more foreign direct investment into U.S. semiconductor facilities, creating jobs, factories, and local economic activity.
State economic development organizations and local stakeholders: clear deadlines and requirements to identify opportunities and resource gaps can improve federal–state cooperation and help states target supports or grant requests to attract semiconductor investment.
Taxpayers: encouraging onshoring through federal programs and incentives could require substantial subsidies or incentives for semiconductor facilities, increasing federal costs.
All taxpayers, federal agencies, and program beneficiaries: Section 6 bars new appropriations to implement the Act, meaning agencies must work within existing budgets—this can prevent funded implementation, limit services, or force reallocation of resources away from other priorities.
Rural and some urban communities, small businesses: federal targeting and incentives may disproportionately benefit large firms or select regions, leaving other communities without investment or support.
Based on analysis of 6 sections of legislative text.
Directs the Commerce Department’s SelectUSA program to gather input from State economic development organizations within 180 days on how to attract foreign direct investment (FDI) into semiconductor-related manufacturing, identify barriers and resource gaps, and recommend ways to prevent foreign adversaries from benefiting. Requires SelectUSA to produce a coordinated report to Congress within two years that compiles those comments, describes current SelectUSA activities to increase semiconductor-related FDI, and assesses strategies (including working with federal partners and states) to strengthen the domestic semiconductor supply chain. The bill does not authorize any new funding to carry out these tasks.
Introduced March 31, 2025 by Greg Landsman · Last progress April 29, 2025