Securing Semiconductor Supply Chains Act

This bill directs the SelectUSA program (part of the Commerce Department) to boost foreign investment in U.S. semiconductor manufacturing, focusing on vulnerable supply chain segments like chip fabrication, advanced packaging, and materials. It requires SelectUSA to coordinate with state economic development groups to identify barriers to investment, develop strategies, and prevent adversaries from benefiting. The bill mandates a congressional report within two years detailing these efforts and strategies, but explicitly states no new federal funds will be allocated - using existing SelectUSA resources instead. It aims to strengthen U.S. semiconductor supply chains for economic and national security, without creating new government programs or mandates.