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National Development Strategy: Strengthening US Economy and Security

This act establishes a new development strategy aimed at strengthening American manufacturing and supply chains, especially in sectors critical to national security. Citizens may experience the impact through planned job creation, development of innovative technologies, increased economic security, and protection against intellectual property theft.
Key points
Establishment of an Interagency Committee to coordinate national development financing programs, which will create and update a National Development Strategy.
The strategy will focus on identifying and addressing vulnerabilities in US supply chains and manufacturing capabilities, particularly in industries critical to national security.
The Act authorizes appropriations for the Federal Financing Bank (totaling $20 billion from 2023-2026) to support projects aligned with the strategy.
Prohibitions on funding projects with entities from countries of concern (e.g., China) will be implemented, along with mechanisms to protect intellectual property.
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Additional Information
Print number: 117_S_5246
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2022-12-13
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OFFICIAL LEGAL TITLE

National Development Strategy and Coordination Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5246.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-13.

What are the main provisions?

Key points include:

  • Establishment of an Interagency Committee to coordinate national development financing programs, which will create and update a National Development Strategy.
  • The strategy will focus on identifying and addressing vulnerabilities in US supply chains and manufacturing capabilities, particularly in industries critical to national security.
  • The Act authorizes appropriations for the Federal Financing Bank (totaling $20 billion from 2023-2026) to support projects aligned with the strategy.
  • Prohibitions on funding projects with entities from countries of concern (e.g., China) will be implemented, along with mechanisms to protect intellectual property.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments Security