House Energy and Commerce Committee Overwhelmingly Passes Landsman’s Bill to Increase Foreign Investment in U.S. Semiconductor

House Energy and Commerce Committee Overwhelmingly Passes Landsman’s Bipartisan Bill to Increase Foreign Investment in U.S. Semiconductor Industry

Cincinnati, OH – Congressman Greg Landsman (D-OH) announced that his bipartisan legislation – The Securing Semiconductor Supply Chains Act – passed overwhelmingly out of the House Committee on Energy and Commerce.

In March, Congressman Landsman introduced H.R.2480 – the Securing Semiconductor Supply Chains Act – bipartisan legislation that would direct – SelectUSA – a program of the U.S. Department of Commerce – to work with state-level economic development organizations to develop strategies to attract investment from foreign allies for the U.S. semiconductor industry. Landsman’s legislation would help address the ongoing semiconductor shortage that has disrupted multiple industries in recent years.

The SelectUSA program was established in 2011 to strengthen federal efforts to attract job-creating business investments to the U.S. and support American companies.

Congressman Landsman:

“The U.S. can’t rely on foreign nations to manufacture our semiconductor chips any longer. This commonsense legislation will help attract investment to American companies and strengthen our domestic industries and supply chains.”

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