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Securing Semiconductor Supply Chains Act: Boosting US Production

This act aims to strengthen semiconductor manufacturing in the US, crucial for the economy and national security. These actions are intended to prevent future shortages that could affect the availability of many products, from cars to electronics, and job stability. Citizens may experience greater price stability and product availability.
Key points
Promoting foreign direct investment in US semiconductor manufacturing to boost domestic production.
Coordinating with state-level economic development organizations to identify investment barriers and opportunities.
Ensuring that these investments do not benefit foreign adversaries.
The act does not authorize additional funds; implementation will use existing resources.
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Additional Information
Print number: 117_S_3309
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2021-12-02