HB 5487 revises the operation and administration of the Texas Semiconductor Innovation Consortium. It modifies the consortium’s purpose to emphasize advising the governor and legislature rather than solely developing a strategic plan. It also removes the consortium’s authority to appoint an executive director and instead assigns that responsibility to the Office of the Governor. Additionally, the bill alters the reporting structure by requiring biennial reports to be submitted only to the Legislative Budget Board rather than both the governor and the legislature​.