The Building Chips in America Act of 2023, also known as Bill 118 s 2228, is a piece of legislation introduced in the US Congress with the goal of promoting the domestic production of semiconductor chips. The bill aims to address the current global shortage of semiconductor chips by investing in research and development, as well as incentivizing companies to manufacture chips in the United States. Key provisions of the bill include funding for research and development in semiconductor technology, as well as grants and tax incentives for companies that choose to build or expand semiconductor manufacturing facilities in the US. The bill also includes measures to strengthen supply chain security and resilience, in order to prevent future chip shortages. Supporters of the Building Chips in America Act argue that increasing domestic production of semiconductor chips is crucial for national security and economic competitiveness. They believe that investing in semiconductor manufacturing will create jobs, boost innovation, and reduce reliance on foreign suppliers. Opponents of the bill raise concerns about the cost of implementing the proposed measures, as well as the potential impact on global trade and supply chains. They argue that government intervention in the semiconductor industry could distort the market and lead to inefficiencies. Overall, the Building Chips in America Act of 2023 is a significant piece of legislation that seeks to address the current challenges facing the semiconductor industry in the United States. Its success will depend on the ability of lawmakers to balance the competing interests of national security, economic competitiveness, and free market principles.
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preserva...
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preservation Act (NHPA).
Specifically, the bill exempts from NEPA and NHPA specified semiconductor projects that receive financial assistance under the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.
Next, the bill allows the Department of Commerce to serve as the lead agency for the review of a semiconductor project that receives such financial assistance but is not exempted from review under NEPA. A single environmental document and joint record of decision must be prepared for a semiconductor project. In completing the environmental review, Commerce may adopt a prior study or decision under certain circumstances. The bill also allows a state to assume the responsibility of an environmental review under NEPA for a semiconductor project.
Finally, the bill sets a statute of limitations for certain claims under NEPA.
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preserva...
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preservation Act (NHPA).
Specifically, the bill exempts from NEPA and NHPA specified semiconductor projects that receive financial assistance under the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.
Next, the bill allows the Department of Commerce to serve as the lead agency for the review of a semiconductor project that receives such financial assistance but is not exempted from review under NEPA. A single environmental document and joint record of decision must be prepared for a semiconductor project. In completing the environmental review, Commerce may adopt a prior study or decision under certain circumstances. The bill also allows a state to assume the responsibility of an environmental review under NEPA for a semiconductor project.
Finally, the bill sets a statute of limitations for certain claims under NEPA.
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preserva...
Building Chips in America Act of 2023
This bill modifies and limits the review of certain semiconductor (i.e., microchip) projects under the National Environmental Policy Act of 1969 (NEPA) and the National Historic Preservation Act (NHPA).
Specifically, the bill exempts from NEPA and NHPA specified semiconductor projects that receive financial assistance under the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.
Next, the bill allows the Department of Commerce to serve as the lead agency for the review of a semiconductor project that receives such financial assistance but is not exempted from review under NEPA. A single environmental document and joint record of decision must be prepared for a semiconductor project. In completing the environmental review, Commerce may adopt a prior study or decision under certain circumstances. The bill also allows a state to assume the responsibility of an environmental review under NEPA for a semiconductor project.
Finally, the bill sets a statute of limitations for certain claims under NEPA.