US Congress Senate Bill 4324 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on July 27 2020 - 25% progression, died in committee
Action: 2020-07-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Establishes tax credits, incentives, and other measures to support U.S. production of personal protective equipment (PPE), semiconductors, and critical minerals. Among other things, the bill (1) prohibits the use of federal funds for procurement of PPE items not produced in the United States, and (2) establishes a $7.5 billion tax credit for investment in certain medical PPE manufacturing projects. The bill also addresses the security of federally funded research and development grants and export-controlled goods, technologies, or sensitive information, including by establishing a Federal Research Security Council to develop research and development grant making policy and management guidance to protect the national and economic security interests of the United States. Further, it prohibits any federal grant application that fails to disclose the receipt of any outside compensation, including foreign compensation. The bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security, such as requiring the National Institute of Standards and Technology to carry out a semiconductor manufacturing program to accelerate research and development for next generation semiconductors. Lastly, the bill addresses availability, development, and production of domestic critical minerals by (1) requiring the President to coordinate agencies to implement U.S. policy regarding critical minerals, including by establishing a capability for identifying critical mineral demand and supply; (2) establishing a grant program for critical mineral education, training, and workforce development programs at institutions of higher education; and (3) reauthorizing through FY2030 the National Geological and Geophysical Data Preservation Program.

Restoring Critical Supply Chains and Intellectual Property Act

Sen. Lindsey Graham [R-SC]	Sen. Richard Burr [R-NC]	Sen. Steve Daines [R-MT]	Sen. Joni Ernst [R-IA]
Sen. Shelley Capito [R-WV]

Date	Chamber	Action
2020-07-27	Senate	Read twice and referred to the Committee on Finance.

SB1317 (Related) 2019-10-22 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 251.
SB3997 (Related) 2020-12-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 620.
HB7178 (Related) 2020-06-11 - Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Ways and Means, Armed Services, Financial Services, Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SB3933 (Related) 2020-06-10 - Read twice and referred to the Committee on Finance.
SB4264 (Related) 2020-07-22 - Read twice and referred to the Committee on Finance.
HB8051 (Related) 2020-08-14 - Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/4324/all-info
Text	https://www.congress.gov/116/bills/s4324/BILLS-116s4324is.pdf