Congressman Blake Moore Reintroduces Legislation to Bolster American Semiconductor R&D
WASHINGTON– Congressman Blake Moore (R-UT), Congresswoman Suzan DelBene (D-WA), Congressman Michael McCaul (R-TX), Congresswoman Doris Matsui (D-CA), Congressman John Moolenaar (R-MI), and Congressman Raja Krishnamoorthi (D-IL) reintroduced the Semiconductor Technology Advancement and Research (STAR) Act for the 119th Congress. This bipartisan legislation creates an investment tax credit for semiconductor design expenditures to advance the United States’ semiconductor research and development initiatives. Congressman Moore was also joined by co-sponsors Congressman Vern Buchanan (R-FL), Congressman Ro Khanna (D-CA), Congresswoman Claudia Tenney (R-NY), Congressman Joe Morelle (D-NY), Congressman André Carson (D-IN), Congressman Josh Gottheimer (D-NJ), Congresswoman Terri Sewell (D-AL), and Congressman Jimmy Panetta (D-CA) in reintroducing this bill.
“Semiconductors are the linchpin to the technologies of the future in countless sectors, from health care to defense to energy, and they are critical to U.S. national security and global competitiveness,” said Congressman Moore. “I thank my colleagues for their partnership in reintroducing the STAR Act, and I look forward to the investment incentives this bill will bring to enhance U.S. leadership in chip design and maintain a secure value chain for these innovations.”
“Semiconductors are critical to our economy, powering everything from cars to cellphones. Congress made great strides with the passage of the Chips & Science Act, but we need to continue investing in domestic chip production to ensure that America remains a global leader in this critical economic and national security technology,” said Congresswoman DelBene. “The bipartisan legislation we’re introducing today will support further semiconductor research and workforce development, strengthen our economic security, reduce reliance on foreign supply chains, all while creating good-paying jobs in our communities."
"U.S. production of semiconductor chips is an economic and national security imperative, which is why I authored the CHIPS for America Act — to decrease our reliance on other countries for these critical assets," said Congressman McCaul. "I am proud to co-sponsor the bipartisan STAR Act to build on that success, further bolstering our national security and bringing high-paying jobs to our communities. The chip revolution is the greatest technological advancement since the Manhattan Project, and I look forward to cementing the United States as the global leader in semiconductor research and design."
“As we roll out the transformative investments of the CHIPS Act, we have a unique opportunity to lay the groundwork for generational leadership in semiconductor innovation and job creation,” said Congresswoman Matsui. “We must continue to build upon the investments that the CHIPS Act jumpstarted and continue to ensure that the U.S. leads the entire supply chain for semiconductor technologies, from design through manufacturing, for generations to come. This legislation will supercharge high-wage jobs in semiconductor design which are vital for the California economy. In tandem with CHIPS Act investments, these tools will continue to secure American’s position as the global pacesetter for innovation.”
“This bipartisan legislation cuts taxes, protect jobs, and levels the playing field for American chipmakers,” said Select Committee on the Chinese Communist Party Chairman Moolenaar. “The STAR Act fuels innovation, ensuring America stays ahead of the curve. We’re proud to empower US chipmakers to outpace Chinese competitors that steal American intellectual property and benefit from massive state subsidies.”
“At a time when semiconductors increasingly drive the future of technology, the United States must strengthen its domestic semiconductor industry, including our development and research capacity,” said Select Committee on the Chinese Communist Party Ranking Member Krishnamoorthi. “Our bipartisan legislation meets this need by providing incentives for investments in domestic semiconductor R&D to help ensure continued American leadership in chip design that will safeguard our national and economic security.”
Background:
Semiconductor design is a research and development activity that works to improve how chips process information and enable increasingly complex modern technologies. The STAR Act would allow for a 25% tax credit for semiconductor design research and development expenditures and reauthorizes the 48D manufacturing tax credit for the next 10 years. Semiconductors drive American technological leadership, which is critical to nearly every industry, including defense, health care, energy, agriculture, and transportation. As countries around the world continue to out-invest the United States in semiconductor research and development, the STAR Act will ensure semiconductor IP originates in the United States and is secure.
The text of this legislation can be found here.
###