Chip EQUIP Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4585 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4585 To prohibit covered entities that receive financial assistance relating to semiconductors from purchasing certain semiconductor manufacturing equipment from foreign entities of concern or subsidiaries of foreign entities of concern, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 18, 2024 Mr. Kelly (for himself and Mrs. Blackburn) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To prohibit covered entities that receive financial assistance relating to semiconductors from purchasing certain semiconductor manufacturing equipment from foreign entities of concern or subsidiaries of foreign entities of concern, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``The Chip Equipment …