[Congressional Record Volume 168, Number 103 (Thursday, June 16, 2022)]
[Senate]
[Pages S3007-S3008]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5098. Mr. CARPER (for Mr. Peters) proposed an amendment to the 
bill S. 3309, to require SelectUSA to coordinate with State-level 
economic development organizations to increase foreign direct 
investment in semiconductor-related manufacturing and production; as 
follows:

        Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Securing Semiconductor 
     Supply Chains Act of 2022''.

[[Page S3008]]

  


     SEC. 2. SELECTUSA DEFINED.

       In this Act, the term ``SelectUSA'' means the SelectUSA 
     program of the Department of Commerce established by 
     Executive Order 13577 (76 Fed. Reg. 35,715).

     SEC. 3. FINDINGS.

       Congress makes the following findings:
       (1) Semiconductors underpin the United States and global 
     economies, including manufacturing sectors. Semiconductors 
     are also essential to the national security of the United 
     States.
       (2) A shortage of semiconductors, brought about by the 
     COVID-19 pandemic and other complex factors impacting the 
     overall supply chain, has threatened the economic recovery of 
     the United States and industries that employ millions of 
     United States citizens.
       (3) Addressing current challenges and building resilience 
     against future risks requires ensuring a secure and stable 
     supply chain for semiconductors that will support the 
     economic and national security needs of the United States and 
     its allies.
       (4) The supply chain for semiconductors is complex and 
     global. While the United States plays a leading role in 
     certain segments of the semiconductor industry, securing the 
     supply chain requires onshoring, reshoring, or diversifying 
     vulnerable segments, such as for--
       (A) fabrication;
       (B) advanced packaging; and
       (C) materials and equipment used to manufacture 
     semiconductor products.
       (5) The Federal Government can leverage foreign direct 
     investment and private dollars to grow the domestic 
     manufacturing and production capacity of the United States 
     for vulnerable segments of the semiconductor supply chain.
       (6) The SelectUSA program of the Department of Commerce, in 
     coordination with other Federal agencies and State-level 
     economic development organizations, is positioned to boost 
     foreign direct investment in domestic manufacturing and to 
     help secure the semiconductor supply chain of the United 
     States.

     SEC. 4. COORDINATION WITH STATE-LEVEL ECONOMIC DEVELOPMENT 
                   ORGANIZATIONS.

       Not later than 180 days after the date of the enactment of 
     this Act, the Executive Director of SelectUSA shall solicit 
     comments from State-level economic development 
     organizations--
       (1) to review--
       (A) what efforts the Federal Government can take to support 
     increased foreign direct investment in any segment of 
     semiconductor-related production;
       (B) what barriers to such investment may exist and how to 
     amplify State efforts to attract such investment;
       (C) public opportunities those organizations have 
     identified to attract foreign direct investment to help 
     increase investment described in subparagraph (A);
       (D) resource gaps or other challenges that prevent those 
     organizations from increasing such investment; and
       (2) to develop recommendations for--
       (A) how SelectUSA can increase such investment 
     independently or through partnership with those 
     organizations; and
       (B) working with countries that are allies or partners of 
     the United States to ensure that foreign adversaries (as 
     defined in section 8(c)(2) of the Secure and Trusted 
     Communications Networks Act of 2019 (47 U.S.C. 1607(c)(2))) 
     do not benefit from United States efforts to increase such 
     investment.

     SEC. 5. REPORT ON INCREASING FOREIGN DIRECT INVESTMENT IN 
                   SEMICONDUCTOR-RELATED MANUFACTURING AND 
                   PRODUCTION.

       Not later than 2 years after the date of the enactment of 
     this Act, the Executive Director of SelectUSA, in 
     coordination with the Federal Interagency Investment Working 
     Group established by Executive Order 13577 (76 Fed. Reg. 
     35,715; relating to establishment of the SelectUSA 
     Initiative), shall submit to the Committee on Commerce, 
     Science, and Transportation of the Senate and the Committee 
     on Energy and Commerce of the House of Representatives a 
     report that includes--
       (1) a review of the comments SelectUSA received from State-
     level economic development organizations under section 4;
       (2) a description of activities SelectUSA is engaged in to 
     increase foreign direct investment in semiconductor-related 
     manufacturing and production; and
       (3) an assessment of strategies SelectUSA may implement to 
     achieve an increase in such investment and to help secure the 
     United States supply chain for semiconductors, including by--
       (A) working with other relevant Federal agencies; and
       (B) working with State-level economic development 
     organizations and implementing any strategies or 
     recommendations SelectUSA received from those organizations.

     SEC. 6. NO ADDITIONAL FUNDS.

       No additional funds are authorized to be appropriated for 
     the purpose of carrying out this Act. The Executive Director 
     of SelectUSA shall carry out this Act using amounts otherwise 
     available to the Executive Director for such purposes.

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