Bill
S 97
The bill directs SelectUSA to coordinate with state efforts to attract foreign investment in U.S. semiconductor manufacturing and report strategies, without new mandatory actions.
Status snapshot
- Introduced: January 15, 2025 (Sen. Gary Peters, primary sponsor; cosponsors include Rick Scott and Marsha Blackburn)
- Committee: Senate Committee on Commerce, Science, and Transportation (reported favorably, S. Rept. 119–18)
- Senate action: Passed the Senate without amendment by unanimous consent on May 20, 2025
- Received in House: May 26, 2025 (held at the desk)
- CBO cost estimate: ~$4 million over 2025–2030 (implementation subject to appropriations)
Purpose and intent
- To strengthen U.S. efforts to attract foreign direct investment (FDI) into semiconductor-related manufacturing, production, and supply chains by leveraging the Department of Commerce’s SelectUSA program and coordinating federal and state economic development efforts. The underlying policy goal is to bolster domestic semiconductor capacity and resilience of critical supply chains.
Key provisions
- Directs SelectUSA (Dept. of Commerce) to coordinate with State-level economic development organizations to solicit input and develop recommendations aimed at increasing FDI in semiconductor-related manufacturing, production, and supply chains within the United States.
- Requires SelectUSA/the Department of Commerce to report to Congress on strategies SelectUSA could implement to increase such FDI.
- Does not create new regulatory requirements or new mandatory programs for private entities; implementation is administrative and advisory in nature.
Implementation, cost, and timing
- CBO estimates SelectUSA would need roughly 2 employees and 6 contractors for ~2 years to carry out the solicitation/reporting tasks, yielding an estimated implementation cost of about $4 million from 2025–2030 (spending contingent on appropriations).
- The bill’s text does not specify strict deadlines for report submission; Committee and CBO materials indicate a near-term solicitation and a reporting effort (CBO assumed a two-year effort).
Who would be affected
- Primary federal actor: SelectUSA (Dept. of Commerce).
- Secondary actors: State and territorial economic development organizations (participants and sources of input); foreign investors and domestic semiconductor firms (potential beneficiaries of coordinated FDI attraction efforts); Congress (recipient of required report).
- No immediate direct regulatory impact on households or businesses; any follow-on changes would depend on strategies implemented and any future authorization/appropriation decisions.
Related legislation and background
- Related/companion measures in prior and current Congresses include H.R. 2480 (House companion) and earlier versions such as S.229 (118th Congress). The bill responds to supply-chain vulnerabilities exposed by the COVID‑19 pandemic and ongoing concerns about U.S. semiconductor supply independence and national security.
Note on unrelated material
- Materials provided with this docket also included a Massachusetts state bill (also identified as “Senate No. 97”) concerning marijuana data collection. That state-level bill is unrelated to the federal S.97 summarized above; the federal S.97 is the Securing Semiconductor Supply Chains Act.
Compiled from official sources — confirm details with the bill’s official record.
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