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New Manufacturing Reinvestment Corporation: Strategy for Growth and Local Business Support

This act establishes a new institution aimed at revitalizing American manufacturing. It will develop a national manufacturing strategy, support local businesses and workers, and promote greater equity and sustainability in the sector.
Key points
A new Manufacturing Reinvestment Corporation will be established within the Department of Commerce to oversee national manufacturing strategy.
Local councils will be created to support businesses, workers, and communities in manufacturing development.
The act emphasizes job creation, skills development, and promoting diversity within the manufacturing sector.
Funding is authorized to support local initiatives, including assisting struggling companies and promoting employee ownership.
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Additional Information
Print number: 117_HR_5124
Sponsor: Rep. Schakowsky, Janice D. [D-IL-9]
Process start date: 2021-08-27
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Manufacturing Reinvestment Corporation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5124.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-08-27.

What are the main provisions?

Key points include:

  • A new Manufacturing Reinvestment Corporation will be established within the Department of Commerce to oversee national manufacturing strategy.
  • Local councils will be created to support businesses, workers, and communities in manufacturing development.
  • The act emphasizes job creation, skills development, and promoting diversity within the manufacturing sector.
  • Funding is authorized to support local initiatives, including assisting struggling companies and promoting employee ownership.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schakowsky, Janice D. [D-IL-9].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Labor Public Investments