This legislation aims to strengthen the United States semiconductor supply chain by increasing foreign direct investment in domestic manufacturing and production. It directs SelectUSA , a program within the Department of Commerce, to actively engage with State-level economic development organizations to achieve this goal. The bill recognizes semiconductors as critical for both the national economy and security, highlighting the need to address supply chain vulnerabilities through onshoring, reshoring, and diversification. Within 180 days of enactment, SelectUSA must solicit comments from these state organizations to identify federal support needs, investment barriers, and resource gaps. This input will inform the development of recommendations for how SelectUSA can independently or collaboratively increase investment, while also ensuring that foreign adversaries do not benefit from these efforts. Ultimately, SelectUSA is required to submit a comprehensive report to Congress within two years, detailing its activities, reviewing state comments, and outlining strategies to enhance foreign direct investment and secure the semiconductor supply chain, without authorizing additional funds for its implementation.