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Boosting US Chip Production: Attracting Foreign Investment for Secure Supply Chains.

This law aims to strengthen the US economy and national security by increasing domestic manufacturing of essential electronic components (semiconductors) through foreign investment. It requires the federal government to coordinate with states to attract companies willing to build new production facilities in the US. The goal is to prevent future supply shortages that disrupt industries and threaten millions of jobs.
Key points
The SelectUSA program must actively seek foreign direct investment to boost US production of semiconductors.
The focus is on securing a stable domestic supply chain for chips, which supports jobs in technology-dependent sectors.
Federal agencies will work closely with state economic development organizations to identify and remove investment barriers.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_229
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2023-02-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Securing Semiconductor Supply Chains Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_229.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-02.

What are the main provisions?

Key points include:

  • The SelectUSA program must actively seek foreign direct investment to boost US production of semiconductors.
  • The focus is on securing a stable domestic supply chain for chips, which supports jobs in technology-dependent sectors.
  • Federal agencies will work closely with state economic development organizations to identify and remove investment barriers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Peters, Gary C. [D-MI].

What is the latest detailed status?

The latest detailed status is: Passed Senate without amendment by Unanimous Consent. (consideration: CR S5967; text: 12/19/2023 CR S6061)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Public Investments Security