Michael T. McCaul

09/23/2024 | Press release | Distributed by Public on 09/23/2024 18:29

McCaul Applauds Passage of Building Chips in America Act of 2023

Washington, D.C. - Today, U.S. Congressman Michael McCaul praised the passage of the Building Chips in America Act, legislation he introduced in the House with Representatives Jen Kiggans (R-Va.), Scott Peters (D-Calif.), Brandon Williams (R-N.Y.), and Colin Allred (D-Texas). The bill will accelerate the environmental regulatory process and avoid unnecessary delays for domestic semiconductor chip manufacturing projects. It now heads to the president's desk for his signature.

"I introduced the CHIPS for America Act because - as President Trump's national security team told me - there's no time to waste in boosting domestic semiconductor chip production," said Rep. McCaul. "The Building Chips in America Act will cement the intention of the CHIPS Act by ensuring timely production of these critical national security assets, creating thousands of American manufacturing jobs in the process. I am proud the House passed this crucial bill, which will solidify the United States' global leadership in the semiconductor industry."

Background:

Since the CHIPS for America Act was authorized into law, companies have announced plans to invest billions in new domestic chip manufacturing projects throughout Texas and across the nation. However, despite their national security importance, these projects could be required to undergo a lengthy National Environmental Policy Act (NEPA) review. The Building Chips in America Act of 2023 - which was also introduced in the Senate by Senators Ted Cruz (R-Texas) and Mark Kelly (D-Ariz.) - would ensure federal environmental reviews are completed in a timely manner by streamlining approval for projects currently under construction and others that could be delayed, and by providing the secretary of commerce greater tools to carry out reviews more effectively and efficiently.

###