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Boosting US Semiconductor Production: New Investments and Supply Chain Security.

This act aims to increase the production of critical electronic components (semiconductors) within the United States. This could lead to greater economic stability and availability of products relying on these components, such as cars and electronic devices, for citizens. It also seeks to enhance national security by reducing reliance on foreign suppliers.
Key points
The act aims to attract foreign investment into US semiconductor manufacturing, potentially creating new jobs.
Strengthening domestic semiconductor production is intended to prevent future shortages that impact the price and availability of many products.
The SelectUSA program will collaborate with state organizations to identify barriers and opportunities for new semiconductor investments.
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Additional Information
Print number: 117_HR_7576
Sponsor: Rep. Eshoo, Anna G. [D-CA-18]
Process start date: 2022-04-26