Bill > HR10261

This bill establishes the American Manufacturing Renaissance Act, a nonprofit organization within the Department of Commerce, to develop and monitor a national manufacturing strategy. The key provisions include: - Setting national strategic objectives for the manufacturing industry, such as increasing manufacturing's share of GDP to 20% by 2035 and achieving net-zero greenhouse gas emissions in the sector by 2030. - Establishing at least 30 local Manufacturing Renaissance Councils (MRCs) through a competitive process to design and implement programs to achieve the national strategy. The MRCs will have diverse governing boards and focus on areas like supporting anchor institutions, early warning systems for at-risk companies, ownership succession planning, capital access, education, training, and equity initiatives. - Authorizing $4 billion in annual appropriations from 2026-2028 to fund the Corporation and its activities, with limits on administrative expenses. - Requiring the Corporation to publish an annual report on the national manufacturing strategy and its activities. Overall, the bill aims to spark a renaissance in American manufacturing by establishing a coordinated national strategy and empowering local multi-stakeholder councils to drive inclusive, sustainable, and equitable manufacturing growth.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/10261/all-info