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National Development Strategy: $20 Billion to Strengthen US Manufacturing and Security.

This law establishes a coordinated federal investment strategy aimed at strengthening domestic manufacturing, critical supply chains, and national security. It authorizes $20 billion to support US-based projects while strictly prohibiting funding for entities linked to countries deemed foreign adversaries. Citizens gain a formal mechanism to influence investment priorities through public hearings and worker representation.
Key points
Establishes an Interagency Committee to create a four-year National Development Strategy focusing on vulnerabilities in domestic manufacturing and critical supply chains.
Authorizes $20 billion ($5 billion annually for 4 years) for the Federal Financing Bank to invest in strategic projects supporting US job growth and technology development.
Prohibits the use of these funds to support companies headquartered in or significantly owned by countries of concern, such as China.
Mandates public hearings and worker representation to gather input on strategic investment priorities and ensure transparency.
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Expired
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Additional Information
Print number: 118_S_99
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-01-26
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

National Development Strategy and Coordination Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_99.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-26.

What are the main provisions?

Key points include:

  • Establishes an Interagency Committee to create a four-year National Development Strategy focusing on vulnerabilities in domestic manufacturing and critical supply chains.
  • Authorizes $20 billion ($5 billion annually for 4 years) for the Federal Financing Bank to invest in strategic projects supporting US job growth and technology development.
  • Prohibits the use of these funds to support companies headquartered in or significantly owned by countries of concern, such as China.
  • Mandates public hearings and worker representation to gather input on strategic investment priorities and ensure transparency.
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 2025-12-27.

CATEGORIES

Economy Public Investments Security