H.B. No. 5487 aims to enhance the operation and administration of the Texas Semiconductor Innovation Consortium by amending several sections of the Government Code. The bill establishes the consortium as an advisory panel to the governor and legislature, focusing on leveraging expertise from higher education, industry, and nonprofit stakeholders to provide advice on semiconductor innovation. Key amendments include changing the language from "develop" to "provide advice and input" regarding a comprehensive strategic plan, and the introduction of an executive director role to assist the consortium in its duties.

Additionally, the bill modifies the responsibilities of the executive committee, emphasizing the solicitation of recommendations from consortium members on funding and research opportunities. It also shifts the responsibility for preparing a biennial report from the executive committee to the office, detailing activities, funding opportunities, legislative recommendations, and research accomplishments related to the consortium's objectives. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.

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