S. 4324: Restoring Critical Supply Chains and Intellectual Property Act

116th Congress · introduced 2020-07-27 · Commerce · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2020-07-27 · official record
Who proposed it: Sen. Graham, Lindsey [R-SC] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Restoring Critical Supply Chains and Intellectual Property Act

Plain summary

Restoring Critical Supply Chains and Intellectual Property Act This bill establishes tax credits, incentives, and other measures to support U.S. production of personal protective equipment (PPE), semiconductors, and critical minerals. Among other things, the bill (1) prohibits the use of federal funds for procurement of PPE items not produced in the United States, and (2) establishes a $7.5 billion tax credit for investment in certain medical PPE manufacturing projects. The bill also addresses the security of federally funded research and development grants and export-controlled goods, technologies, or sensitive information, including by establishing a Federal Research Security Council to develop research and development grant making policy and management guidance to protect the national and economic security interests of the United States. Further, it prohibits any federal grant application that fails to disclose the receipt of any outside compensation, including foreign compensation. The bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security, such as requiring the National Institute of Standards and Technology to carry out a semiconductor manufacturing program to accelerate research and development for next generation semiconductors. Lastly, the bill addresses availability, development, and production of domestic critical minerals by (1) requiring the President to coordinate agencies to implement U.S. policy regarding critical minerals, including by establishing a capability for identifying critical mineral demand and supply; (2) establishing a grant program for critical mineral education, training, and workforce development programs at institutions of higher education; and (3) reauthorizing through FY2030 the National Geological and Geophysical Data Preservation Program.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Restoring Critical Supply Chains and Intellectual Property Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Graham, Lindsey [R-SC] · 4 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Steve Daines (R-MT), Joni Ernst (R-IA), Shelley Moore Capito (R-WV)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116s4324.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>

Record fed-us-cong116-s4324 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116