H.B. No. 5487 establishes the Texas Semiconductor Innovation Consortium as an advisory panel to the governor and legislature, aimed at enhancing semiconductor innovation in the state. The bill amends Section 481.652 of the Government Code to clarify the consortium's purposes, which include providing advice to the office on semiconductor innovation, sustaining leadership in advanced semiconductor research, attracting investments, expanding workforce training, and creating a forum for stakeholders in the semiconductor industry. Notably, the language regarding the development of a comprehensive strategic plan has been replaced with a focus on providing advice and input.

Additionally, the bill outlines the responsibilities of the executive committee and the office supporting the consortium. It mandates the office to employ an executive director to assist the consortium and specifies that the executive committee will provide advice on a statewide strategic plan and solicit recommendations from consortium members. The requirement for the executive committee to appoint an executive director has been removed, and the responsibility for preparing a biennial report has shifted from the executive committee to the office, which must submit the report detailing the consortium's activities, funding opportunities, legislative recommendations, and research accomplishments. The bill is set to take effect immediately upon receiving a two-thirds vote or on September 1, 2025, if not.

Statutes affected:
Introduced: Government Code 481.652, Government Code 481.654, Government Code 481.656, Government Code 481.657 (Government Code 481)