What is the official ID of this bill?
The official print number for this legislation is S 5246.
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.
Status:
Expired
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