S. 5246 · 117th Congress · Senate

National Development Strategy and Coordination Act of 2022

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Dec 13, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

National Development Strategy and Coordination Act of 2022

This bill establishes the Interagency Committee for the Coordination of National Development Financing Programs within the Executive Office of the President. The committee must develop a national strategy to (1) address vulnerabilities in the domestic supply chains of critical industries, (2) strengthen U.S. industrial and manufacturing capabilities, and (3) support targeted job growth and economic development.

The bill authorizes the Federal Financing Bank to provide financing assistance to carry out certain directives made by the committee.