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Saturday, September 28, 2024

Bipartisan chips permitting reform bill passes Congress

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Senator Todd Young, US Senator for Indiana | Official U.S. Senate headshot

Senator Todd Young, US Senator for Indiana | Official U.S. Senate headshot

U.S. Senators Todd Young (R-Ind.) and Mark Kelly (D-Ariz.) have expressed their approval following the House of Representatives' passage of the Building Chips in America Act. This bipartisan legislation aims to streamline federal permitting processes for microchip manufacturing projects while maintaining protections for clean air and water. The bill now awaits the President's signature to become law.

The Building Chips in America Act was first introduced by Senators Young and Kelly in July 2023 and has passed the Senate twice—initially as part of the Senate NDAA and later as standalone legislation.

“The CHIPS and Science Act included manufacturing incentives vital to increasing domestic chip production here in the U.S. and protecting our national security interests. As implementation continues, unnecessary regulatory burdens are threatening to slow down these critical investments in domestic semiconductor manufacturing and pause construction that has already begun,” said Senator Young. “Our bill will cut red tape and solidify our nation’s ability to successfully onshore chip production as quickly as possible. I’m pleased to see this important piece of legislation pass Congress and urge the President to sign it into law.”

“This is a major step forward for our economy and national security,” said Senator Kelly. “By preventing unnecessary delays in the construction of microchip manufacturing facilities, this bill will help maximize our efforts to bring this industry back to America, creating thousands of good-paying jobs and strengthening our supply chains. I’m grateful to my colleagues in both chambers for their bipartisan work to get this done, and I look forward to seeing it signed into law.”

In addition to Senators Young and Kelly, the Building Chips in America Act is also supported by Senators Ted Cruz (R-Texas), Sherrod Brown (D-Ohio), Bill Hagerty (R-Tenn.), Martin Heinrich (D-N.M.), and Kyrsten Sinema (I-Ariz.).

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