All Information (Except Text) for S.3933 - CHIPS for America Act116th Congress (2019-2020) |
|Sponsor:||Sen. Cornyn, John [R-TX] (Introduced 06/10/2020)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 06/10/2020 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
CHIPS for America Act
Creating Helpful Incentives to Produce Semiconductors for America Act
Official Titles - Senate
Official Titles as Introduced
A bill to restore American leadership in semiconductor manufacturing by increasing Federal incentives in order to enable advanced research and development, secure the supply chain, and ensure long-term national security and economic competitiveness.
Actions Overview (1)
|06/10/2020||Introduced in Senate|
06/10/2020 Introduced in Senate
All Actions (1)
|06/10/2020||Read twice and referred to the Committee on Finance.|
Action By: Senate
06/10/2020 Read twice and referred to the Committee on Finance.
|Sen. Warner, Mark R. [D-VA]*||06/10/2020|
|Sen. Risch, James E. [R-ID]*||06/10/2020|
|Sen. Rubio, Marco [R-FL]*||06/10/2020|
|Sen. Sinema, Kyrsten [D-AZ]*||06/10/2020|
|Sen. Gillibrand, Kirsten E. [D-NY]||06/16/2020|
|Sen. McSally, Martha [R-AZ]||06/29/2020|
|Sen. Coons, Christopher A. [D-DE]||06/29/2020|
|Sen. Collins, Susan M. [R-ME]||06/29/2020|
|Sen. Blackburn, Marsha [R-TN]||06/29/2020|
|Sen. Heinrich, Martin [D-NM]||07/20/2020|
|Sen. Young, Todd [R-IN]||08/06/2020|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||06/10/2020||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (06/10/2020)
Creating Helpful Incentives to Produce Semiconductors for America Act or the CHIPS for America Act
This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security.
Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026. The bill also establishes a trust fund to be allocated upon reaching an agreement with foreign government partners to promote (1) consistency in policies related to microelectronics, (2) transparency in microelectronic supply chains, and (3) alignment in policies towards nonmarket economies.
The Department of Commerce shall, through the National Institute of Standards and Technology (NIST), carry out a program of research and development investment to accelerate the design, development, and manufacturability of next generation microelectronics, including through the creation of a Manufacturing USA institute for semiconductor manufacturing. Commerce shall also establish a program to match state and local government incentives offered to private entities for the purposes of building fabrication facilities relating to semiconductor manufacturing. Further, Commerce shall assess the capabilities of the U.S. industrial base to support the national defense in light of the global nature of supply chains and interdependencies between the industrial bases of the U.S. and foreign countries with respect to the manufacture and design of semiconductors.
The Department of Defense shall prioritize the use of specified available amounts for programs, projects, and activities in connection with semiconductor and related technologies.
The President shall establish within NIST a subcommittee on matters relating to U.S. leadership in semiconductor technology and innovation, which shall develop a national strategy on semiconductor research.