A Republican bill with 3 Democratic cosponsors · See all 4 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Strengthening Essential Manufacturing and Industrial Investment Act," also known as the "SEMI Investment Act," changes the Internal Revenue Code of 1986. It expands the advanced manufacturing investment credit to include facilities that produce semiconductor materials. These materials are divided into direct production materials and indirect production materials. The Secretary, with the Secretary of Commerce, will maintain and publish a list of qualifying materials. Taxpayers can also petition for determinations on materials not currently listed.
Yes· 3 of 19
- Scored +6
Would business owners be better off under this?
Directly provides tax credits for businesses building semiconductor material facilities.
- Scored +5
Is this likely to create jobs?
Financial incentives for building manufacturing facilities typically lead to increased industrial employment.
- Scored +4
Would people with substantial wealth be better off under this?
Financial incentives for large-scale capital investment benefit high-net-worth individuals.
The opposite
- Scored -2
Does this raise the taxes companies pay?
The bill reduces corporate tax liability through the expansion of investment credits.
- Scored -2
Does this reduce what the federal government owes?
Expanding tax credits generally reduces federal tax revenue, potentially increasing the deficit.
- Scored -1
Does this make the government pay for what it commits to?
Creating new tax expenditures can be viewed as contrary to strict fiscal restraint.
Who it would affect, and how
Potential Positive Impacts for People
- Expansion of Investment Credits: By expanding the definition of an "advanced manufacturing facility" to include those producing semiconductor materials, the bill provides financial incentives for the creation of facilities that manufacture semiconductors, semiconductor manufacturing equipment, and semiconductor materials (Section 2(a)).
Potential Negative Impacts for People
- Exclusion of Generic Materials: Materials that have a generic use and are mostly used for things other than semiconductor manufacturing are not eligible as indirect production materials (Section 2(a)(B)(iii)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Directly provides tax credits for businesses building semiconductor material facilities. Would billionaires be better off under this? — Large-scale manufacturing investment credits are highly beneficial for major industrial capitalists. Would people with substantial wealth be better off under this? — Financial incentives for large-scale capital investment benefit high-net-worth individuals. Would the very wealthiest people be better off under this? — Significant tax credits for industrial facilities are most accessible to ultra-high-net-worth investors. Would high-income households be better off under this? — Investment credits provide significant tax advantages for high-income investors in manufacturing. Would union members be better off under this? — Increased construction and operation of manufacturing plants often creates unionized labor opportunities. Would people in middle age be better off under this? — Provides industrial employment and investment opportunities for experienced workers and owners. Would middle-income households be better off under this? — Job creation in the manufacturing sector generally supports middle-class employment. Would people in rural areas be better off under this? — Potential for industrial development in rural areas where land for large facilities is available. Would people in their twenties and thirties be better off under this? — Increased job opportunities in high-tech manufacturing benefit young professionals. Would households on low incomes be better off under this? — Potential for more industrial jobs, although the primary benefit is to capital investors. Would students be better off under this? — Expansion of the domestic semiconductor industry increases future career opportunities for STEM students.
- Economy And Finance
- Is this likely to create jobs? — Financial incentives for building manufacturing facilities typically lead to increased industrial employment. Is this likely to grow the economy? — Stimulating domestic semiconductor material production supports industrial growth and supply chain resilience. Does this make it easier to run a small business? — Provides targeted tax relief for niche manufacturers of semiconductor materials. Does this cut taxes for small businesses? — Small businesses specializing in semiconductor materials may benefit from the expanded investment credit. Does this raise the taxes companies pay? — The bill reduces corporate tax liability through the expansion of investment credits. Does this reduce what the federal government owes? — Expanding tax credits generally reduces federal tax revenue, potentially increasing the deficit. Does this make the government pay for what it commits to? — Creating new tax expenditures can be viewed as contrary to strict fiscal restraint.
- National Security And Foreign Policy
- Does this better protect the country from computer attacks? — Strengthening the semiconductor supply chain indirectly supports the production of advanced defense and cyber hardware.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — New manufacturing facilities may be established in rural or underdeveloped industrial areas.
- Governance And Ideology
- Does this give the federal government more power? — The Secretary of the Treasury and Commerce are granted authority to define and list qualifying materials.
- 8/4/2026
- 1 Cosponsor added.
- 5/7/2025
- Read twice and referred to the Committee on Finance.
- 3 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BennetDemocrat · Colorado
Lisa Blunt RochesterDemocrat · Delaware
Christopher CoonsDemocrat · Delaware
Thomas TillisRepublican · North Carolina