Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 752) to require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 752 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Securing Semiconductor Supply Chains Act of 2023''. SEC. 2. SELECTUSA DEFINED. In this Act, the term ``SelectUSA'' means the SelectUSA program of the Department of Commerce established by Executive Order 13577 (76 Fed. Reg. 35,715). SEC. 3. FINDINGS. Congress makes the following findings: (1) Semiconductors underpin the United States and global economies, including manufacturing sectors. Semiconductors are also essential to the national security of the United States. (2) A shortage of semiconductors, brought about by the COVID-19 pandemic and other complex factors impacting the overall supply chain, has threatened the economic recovery of the United States and industries that employ millions of United States citizens. (3) Addressing current challenges and building resilience against future risks requires ensuring a secure and stable supply chain for semiconductors that will support the economic and national security needs of the United States and its allies.…”