Sponsors (3)
The bill strengthens and formalizes federal–state efforts to attract semiconductor investment and boost domestic production (supporting jobs and national security) while limiting new spending—trading quicker, flexible action and broader economic inclusion for clearer coordination, sector focus, and fiscal constraint.
Tech workers, manufacturers, and consumers: the bill encourages more domestic semiconductor production and related jobs, helping reduce shortages and stabilize supply chains and prices.
National security stakeholders: improving domestic semiconductor capacity and coordination reduces U.S. reliance on foreign sources and strengthens supply‑chain resilience for critical components.
State governments and economic development offices: the bill creates a formal channel and a mandated assessment for states to propose actions and coordinate with the federal government to attract semiconductor FDI.
States, agencies, and stakeholders: the narrow statutory definition and limits on appropriations reduce flexibility to adapt or expand SelectUSA, likely requiring further legislation to modernize or change scope.
Taxpayers: steering FDI and onshoring through federal programs and incentives can increase federal spending or subsidies (even if not via new appropriations), raising taxpayer costs.
Small businesses and local firms: policies and incentives that favor onshoring may advantage larger firms able to absorb incentives, crowding out smaller competitors and local suppliers.
Based on analysis of 6 sections of legislative text.
Directs SelectUSA to solicit state input and develop strategies to increase foreign direct investment into U.S. semiconductor production and report to Congress within two years; no new funds authorized.
Official title: To require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production.
Introduced March 31, 2025 by Greg Landsman · Last progress April 29, 2025
Directs the Department of Commerce’s SelectUSA program to collect state economic development feedback and develop strategies to increase foreign direct investment (FDI) in semiconductor manufacturing, while guarding against investment by foreign adversaries. Requires a report to relevant congressional committees within two years summarizing comments received, SelectUSA activities, coordination with federal and state partners, and recommended strategies. No new funding is authorized.