Bill > S1520

This bill establishes the United States Investment Accelerator, a new office within the Department of Commerce designed to facilitate and streamline large investments in the United States. The Investment Accelerator will be led by an Executive Director appointed by the Secretary of Commerce and will focus on helping investors navigate government regulatory processes for investments over $1 billion, reducing regulatory barriers, increasing access to national resources, supporting research collaborations with national laboratories, and working with state governments to attract both domestic and foreign investments. The office will also coordinate the CHIPS Program Office and identify existing legal mechanisms that can assist investors while maintaining national security protections. The Executive Director will be responsible for carrying out these purposes and will be required to submit annual reports to congressional committees, specifically the Senate Committee on Commerce, Science, and Transportation and the House Committee on Energy and Commerce, detailing the Investment Accelerator's activities. The bill provides a comprehensive framework for establishing this new investment facilitation office and defines key terms and roles to ensure clear implementation.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/1520/all-info