This bill would create an office in the Department of Commerce called the United States Investment Accelerator. The office would help speed up large investments worth more than $1 billion by helping investors navigate federal regulatory steps, where allowed by law. It would also aim to reduce regulatory burdens consistent with law, increase access to national resources when appropriate, support research partnerships with national laboratories, work with all 50 States to lower regulatory barriers to investment, coordinate and oversee the Department's CHIPS Program Office, and identify legal tools that can help domestic and foreign investors while protecting national security. The office would be led by an Executive Director appointed by the Secretary of Commerce and may hire legal, transactional, operational, and support staff. The Executive Director must give an annual report to the named congressional committees.
No publicly available information on total costs or specific funding levels. The bill says the office will be maintained "subject to the availability of appropriations" and it may hire staff, but it does not set specific budget amounts.
No publicly available information in the bill text describing proponents' statements or arguments.
No publicly available information in the bill text describing opponents' statements or arguments.