Securing Semiconductor Supply Chains Act of 2023

Hozzl · 2024-02-06T08:09:53Z

Explore the details of Senate Bill 229 Securing Semiconductor Supply Chains Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

2/6/2024, 8:09 AM

Summary of Bill S 229

The Securing Semiconductor Supply Chains Act of 2023, also known as Bill 118 s 229, is a piece of legislation introduced in the US Congress aimed at addressing the vulnerabilities in the semiconductor supply chain. The bill seeks to enhance the security and resilience of the semiconductor industry, which is crucial for national security and economic competitiveness.

The legislation includes provisions to establish a task force to assess the risks and vulnerabilities in the semiconductor supply chain, as well as to develop strategies to mitigate these risks. The task force will be composed of representatives from government agencies, industry stakeholders, and other relevant parties.

Additionally, the bill calls for increased coordination and information sharing between government agencies and industry partners to address supply chain vulnerabilities. It also includes measures to promote domestic semiconductor manufacturing and research, in order to reduce reliance on foreign suppliers. Overall, the Securing Semiconductor Supply Chains Act of 2023 aims to strengthen the US semiconductor industry and ensure its long-term viability. By addressing supply chain vulnerabilities and promoting domestic manufacturing, the legislation seeks to enhance national security and economic competitiveness in the semiconductor sector.

Congressional Summary of S 229

Securing Semiconductor Supply Chains Act of 2023

This bill requires the SelectUSA program to solicit comments from state economic development organizations regarding federal efforts to increase foreign direct investment in semiconductor-related manufacturing and production. SelectUSA must then report to Congress on such comments and the strategies that SelectUSA may employ to increase such investment and to secure the U.S. semiconductor supply chain. SelectUSA is a Department of Commerce program established to coordinate federal efforts to attract and retain business investment in the United States.

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Current Status of Bill S 229

Bill S 229 is currently in the status of Passed in Senate since December 13, 2023. Bill S 229 was introduced during Congress 118 and was introduced to the Senate on February 2, 2023. Bill S 229's most recent activity was Held at the desk. as of December 15, 2023

Bipartisan Support of Bill S 229

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 229

Primary Policy Focus

Commerce

Potential Impact Areas

- Competitiveness, trade promotion, trade deficits

- Computers and information technology

- Congressional oversight

- Economic development

- Manufacturing

- U.S. and foreign investments

Alternate Title(s) of Bill S 229

Securing Semiconductor Supply Chains Act of 2023

A bill to require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production.