S. 1520

119 S1520 IS: Investment Accelerator Act of 2025
 U.S. Senate
 2025-04-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1520  IN THE SENATE OF THE UNITED STATES   April 29, 2025   Mrs. Blackburn  (for herself,  Mr. Budd , and  Mr. Ricketts ) introduced the following bill; which was read twice and referred to the  Committee on Commerce, Science, and Transportation    A BILL
To establish the United States Investment Accelerator, and for other purposes.
1.
Short title
This Act may be cited as the   Investment Accelerator Act of 2025  .
2.
Definitions
In this Act:
(1)
Appropriate congressional committees
The term  appropriate congressional committees  means—
(A)
the Committee on Commerce, Science, and Transportation of the Senate; and
(B)
the Committee on Energy and Commerce of the House of Representatives.
(2)
Department
The term  Department  means the Department of Commerce.
(3)
Executive Director
The term  Executive Director  means the Executive Director of the Investment Accelerator appointed under section 3(c).
(4)
Investment Accelerator
The term  Investment Accelerator  means the United States Investment Accelerator established under section 3(a).
(5)
Secretary
The term  Secretary  means the Secretary of Commerce.
3.
United States Investment Accelerator
(a)
Establishment
Subject to the availability of appropriations, the Secretary, in coordination with the Secretary of the Treasury and the Assistant to the President for Economic Policy, shall maintain in the Department an office that shall be known as the  United States Investment Accelerator .
(b)
Purposes
The purposes of the Investment Accelerator shall be to—
(1)
facilitate and accelerate investments valued at more than $1,000,000,000 in the United States by assisting investors in navigating United States Government regulatory processes efficiently;
(2)
reduce regulatory burdens where consistent with applicable law;
(3)
increase access to and use of the national resources of the United States where appropriate and consistent with applicable law;
(4)
facilitate research collaborations with national labs in the United States;
(5)
work with State governments in all 50 States to reduce regulatory barriers to, and increase, domestic and foreign investment in the United States;
(6)
coordinate and oversee the activities of the CHIPS Program Office in the Department; and
(7)
identify any existing mechanisms, exceptions, and opportunities in Federal law that can be used to assist foreign and domestic investors, consistent with the protection of national security.
(c)
Executive Director
(1)
In general
There is established the position of the Executive Director of the Investment Accelerator as the head of the Investment Accelerator.
(2)
Appointment
The Executive Director shall be appointed by the Secretary.
(3)
Responsibilities
The Executive Director shall carry out the purposes of the Investment Accelerator under subsection (b).
(d)
Staffing
The Director may hire legal, transactional, operational, and support staff to support the activities of the Investment Accelerator.
4.
Reports
Not later than 1 year after the date of enactment of this Act, and each year thereafter, the Executive Director shall submit a report to the appropriate congressional committees on the activities of the Investment Accelerator.