The bill S. 97, titled the “Securing Semiconductor Supply Chains Act,” requires SelectUSA, a program under the Department of Commerce, to work with State-level economic development organizations to boost foreign investment in U.S. semiconductor manufacturing and production....
Simple Explanation
The Securing Semiconductor Supply Chains Act wants a group called SelectUSA to work with state teams to get more companies from other countries to build important computer parts in the U.S., but without extra money or clear instructions on how to do it.