Bill · S. 1642· Senate(119-S-1642)
SEMI Investment Act
- Introduced
- 5/7/2025
- Last activity
- 5/7/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Marsha Blackburn
- Cosponsors
- - 1 - 3
- 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
Would business owners be better off under this?+6
Directly provides tax credits for businesses building semiconductor material facilities.
Is this likely to create jobs?+5
Financial incentives for building manufacturing facilities typically lead to increased industrial employment.
Would people with substantial wealth be better off under this?+4
Financial incentives for large-scale capital investment benefit high-net-worth individuals.
The opposite
Does this raise the taxes companies pay?-2
The bill reduces corporate tax liability through the expansion of investment credits.
Does this reduce what the federal government owes?-2
Expanding tax credits generally reduces federal tax revenue, potentially increasing the deficit.
Does this make the government pay for what it commits to?-1
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. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For Billionaires+4Good For High Net Worth Individuals+4Good For Ultra High Net Worth Individuals+4Good For High Income Households+3Good For Union Workers+3Good For Middle Aged+2Good For Middle Class Households+2Good For Rural Residents+2Good For Young Adults+2Good For Low Income Households+1Good For Students+1
- Economy And Finance
- Increases Job Creation+5Improves Economic Growth+4Improves Small Business Support+3Reduces Small Business Taxes+2Increases Corporate Taxes-2Reduces National Debt-2Improves Fiscal Responsibility-1
- National Security And Foreign Policy
- Improves Cybersecurity Defense+2
- Environment Energy And Infrastructure
- Improves Rural Development+1
- Governance And Ideology
- Increases Federal Power+1
- 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