I 

118TH CONGRESS 

2D SESSION H. R. 10261 

To spark a renaissance in American manufacturing through the establishment 

of a American Manufacturing Renaissance Act to develop and monitor 

a national manufacturing strategy, to identify and address supply chain 

weaknesses as well as identify and address obstacles to inclusion and 

align manufacturing with strategic opportunities and imperatives through 

local multi-stakeholder Manufacturing Renaissance Councils, which are 

analogous to the technology hubs established in the Chips and Science 

Act, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 26, 2024 

Ms. SCHAKOWSKY introduced the following bill; which was referred to the 

Committee on Energy and Commerce, and in addition to the Committees 

on Education and the Workforce, Financial Services, and Agriculture, for 

a period to be subsequently determined by the Speaker, in each case for 

consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To spark a renaissance in American manufacturing through 

the establishment of a American Manufacturing Renaissance Act to develop and monitor a national manufacturing strategy, to identify and address supply chain 

weaknesses as well as identify and address obstacles to 

inclusion and align manufacturing with strategic opportunities and imperatives through local multi-stakeholder 

Manufacturing Renaissance Councils, which are analoVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6652 E:\BILLS\H10261.IH H10261

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gous to the technology hubs established in the Chips 

and Science Act, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘American Manufacturing Renaissance Act’’. 

6 (b) TABLE OF CONTENTS.—The table of contents for 

7 this Act is as follows: 

Sec. 1. Short title; table of contents. 

Sec. 2. Findings; purpose. 

Sec. 3. Establishment of Corporation. 

Sec. 4. Duties and authority of Corporation. 

Sec. 5. Board of Directors. 

Sec. 6. Officers and employees. 

Sec. 7. Reports and audits. 

Sec. 8. Authorization of appropriations. 

Sec. 9. Regulations. 

Sec. 10. Definitions. 

8 SEC. 2. FINDINGS; PURPOSE. 

9 The Congress finds the following: 

10 (1) Crisis in almost every sphere of life is now 

11 the standard and is exacerbated through inequalities 

12 that have grown exponentially over the last 40 years 

13 with the dramatic decline in manufacturing being a 

14 key contributing factor. 

15 (2) A manufacturing renaissance is at the heart 

16 of our ability to strategically and proactively address 

17 our intersecting crises of racism, climate change, 

18 and economic inequality. 


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1 (3) Only a revitalized manufacturing sector can 

2 create the products, processes, and transition oppor3 tunities that are necessary to address the climate 

4 crisis, including the strategic development of domes5 tic supply chains that strengthen economic resilience 

6 to future economic and environmental shocks. Ex7 panding our advanced manufacturing sector is cen8 tral for the march to zero emissions and the de-car9 bonization of our society. 

10 (4) The goal of revitalization is not to return to 

11 the type of manufacturing sector we had in the past, 

12 where workers of color, women, and socially and eco13 nomically disadvantaged individuals were last hired 

14 and first fired, and where workers and communities 

15 were excluded from the critical decisions in the pro16 ductive process. 

17 (5) People who live, work, and play in Amer18 ica’s most polluted environments are commonly peo19 ple of color and the poor. Environmental justice ad20 vocates have shown that this is no accident. Commu21 nities of color, which are often also low-income, are 

22 routinely targeted to host facilities that have nega23 tive environmental impacts—say, a landfill, dirty in24 dustrial plant, or truck depot. The statistics provide 

25 clear evidence of what is commonly called ‘‘environVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 mental racism’’. Communities of color have been 

2 battling this injustice for decades. If we are to truly 

3 to ‘‘Build Back Better’’ we must address this envi4 ronmental imbalance with a coherent, inclusive in5 dustrial policy, including providing funding for tran6 sitions for workers and for companies. 

7 (6) Embracing inclusion and empowerment of 

8 non-traditional manufacturing populations in all as9 pects of manufacturing is not only a competitive ad10 vantage, but a moral imperative. 

11 SEC. 3. ESTABLISHMENT OF CORPORATION. 

12 (a) ESTABLISHMENT.—There is established a Amer13 ican Manufacturing Renaissance Act as a body corporate 

14 in the Department of Commerce a nonprofit organization 

15 that shall be responsible for developing and monitoring a 

16 national manufacturing strategy by overseeing local multi17 stakeholder Manufacturing Renaissance Councils as well 

18 as organizations, coalitions, and councils that have the es19 sential features of a Renaissance Council including a mis20 sion focused on sustainable development and inclusion, the 

21 participation of all the major stakeholders including man22 ufacturers, labor, community-based organizations, edu23 cators, local government, environmental organizations, 

24 and others. 


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1 (b) IMPLEMENTATION AND EXPANSION OF DEM2 ONSTRATION ACTIVITIES.—The Corporation shall imple3 ment and expand the demonstration activities carried out 

4 by the Board of Directors through local multi-stakeholder 

5 Manufacturing Renaissance Councils. 

6 (c) PRINCIPAL OFFICE.—The Corporation shall 

7 maintain its principal office in the District of Columbia 

8 within the Department of Commerce or at such other 

9 place the Corporation may from time to time prescribe. 

10 (d) NONPROFIT NATURE OF CORPORATION.— 

11 (1) PROHIBITION ON STOCK ISSUANCE OR DIVI12 DEND PAYMENT.—The Corporation may not issue 

13 any shares of stocks or declare or pay any dividends. 

14 (2) PROHIBITION ON INCOME AND ASSETS.— 

15 The income and assets of the Corporation may not 

16 inure to the benefit of any director, officer, or em17 ployee, except as reasonable compensation for serv18 ices or reimbursement for expenses. 

19 (3) PROHIBITION ON POLITICAL CONTRIBU20 TIONS.—The Corporation may not contribute to or 

21 otherwise support any political party or candidate 

22 for elective public office. 

23 (e) OPERATIONAL UNITS.—The operational units of 

24 the Corporation are as follows: 

25 (1) Applied Research and Technology. 


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1 (2) Public Outreach and Communication. 

2 (3) Technical Assistance and Strategic Coordi3 nation. 

4 (4) Additional units established by a majority 

5 vote at the discretion of the Board of Directors as 

6 determined to be necessary. 

7 SEC. 4. DUTIES AND AUTHORITY OF CORPORATION. 

8 (a) DUTIES.—The Corporation shall have the fol9 lowing duties: 

10 (1) Not later than December 21, 2024, and 

11 every 4 years thereafter, develop a national manu12 facturing strategy for inclusion in the United States. 

13 (2) Set national strategic objectives for the 

14 manufacturing industry with an emphasis on equity 

15 and inclusion for the manufacturing industry, in16 cluding the following: 

17 (A) Manufacturing representing 20 percent 

18 of gross domestic product by 2035. 

19 (B) Net-zero greenhouse gas emissions sec20 tor-wide by 2030. 

21 (C) Ensuring the diversity of owners in 

22 manufacturing sectors is representative of the 

23 relevant local areas by 2030. 


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1 (D) Balancing geographic diversity, com2 munity stability, and racial equity for locating 

3 and planning new manufacturing capacity. 

4 (E) Support the growth of employee own5 ership across the manufacturing sector. 

6 (F) Closing identified skills gaps in the 

7 manufacturing sector to zero. 

8 (3) Review applications for and establish the 

9 Manufacturing Renaissance Councils (‘‘MRCs’’). 

10 (4) After receipt of the annual report from the 

11 MRCs, direct the MRCs to make relevant pro12 grammatic changes in order to better achieve the na13 tional manufacturing strategy. 

14 (b) MANUFACTURING RENAISSANCE COUNCILS.— 

15 (1) MANUFACTURING RENAISSANCE COUN16 CILS.—Not later than 5 years after the date of the 

17 enactment of this Act, the Corporation shall estab18 lish 30 Manufacturing Renaissance Councils or their 

19 equivalent through a competitive bid process to carry 

20 out the national manufacturing strategy. 

21 (2) MRC DUTIES.—The duties of MRCs are as 

22 follows: 

23 (A) Design and implement programs to 

24 achieve the objectives of the national manufac25 turing strategy, including programs to— 


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1 (i) conduct or update assessments to 

2 determine regional manufacturing needs; 

3 (ii) develop or update goals and strat4 egies to implement an existing comprehen5 sive regional manufacturing plan; 

6 (iii) facilitate coordinating the activi7 ties of local stakeholders; 

8 (iv) research as needed to determine 

9 the use of funds in paragraph (6); and 

10 (v) evaluate the activities and provide 

11 an annual report to the Board of Direc12 tors. 

13 (B) Send annual reports to the Corpora14 tion on the spending and programs of the MRC 

15 in line with the national manufacturing strat16 egy. 

17 (3) TECHNICAL ASSISTANCE GRANTS.—Not 

18 later than 60 days after the date of the enactment 

19 of this Act, the Corporation shall establish a grant 

20 program to provide technical assistance to applicants 

21 for the MRC designation under paragraph (1), in22 cluding for assembling and training the consortium 

23 of stakeholder organizations to develop the applica24 tion to the Corporation. 

25 (4) GOVERNING BOARD REQUIREMENT.— 


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1 (A) IN GENERAL.—Each MRC shall have a 

2 governing board of at least 9 members. The 

3 board shall be composed of each representation 

4 of the following: 

5 (i) Community stakeholder organiza6 tions, including at least one labor union 

7 representative, workforce training organi8 zations, faith and community-based organi9 zations, and environmental organizations. 

10 (ii) Institutions of higher education, 

11 which may include Historically Black Col12 leges and Universities, Tribal Colleges or 

13 Universities, and Minority-Serving Institu14 tions. 

15 (iii) Local government. 

16 (iv) Industry, including manufacturing 

17 business associations or manufacturing 

18 companies, a majority of which have 100 

19 employees or less. 

20 (v) Economic development organiza21 tions or similar entities focused primarily 

22 on improving science, technology, innova23 tion, entrepreneurship, or access to capital. 

24 (B) LEAD CONVENER OF MRC.—The mem25 bers of the governing board described in subVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 paragraph (A) shall be eligible to serve as the 

2 lead convener of the MRC, with the following 

3 responsibilities: 

4 (i) Submit the bid to establish the 

5 MRC to the Corporation. 

6 (ii) Oversee the administration of the 

7 governance of the MRC. 

8 (iii) Execute MRC programs, either 

9 directly or indirectly through subcon10 tracting, abiding by rules and regulations 

11 governing convening entities as determined 

12 by the Corporation in the bylaws of the 

13 Corporation. 

14 (5) APPLICATION.—An application to be des15 ignated as an MRC shall be assessed by the fol16 lowing criteria: 

17 (A) The manufacturing community, meas18 ured by the location quotient of manufacturing 

19 industry above the national average and any 

20 history manufacturing capacity and availability 

21 of educational and business resources for ex22 pansion. 

23 (B) Whether the applicant is located in a 

24 community of color or serves socially and eco25 nomically disadvantaged individuals (any geoVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 graphically distinct area where the population 

2 of color of which is higher than the average 

3 population of color of the State in which the 

4 community is located). 

5 (C) Whether the applicant is located in an 

6 economically distressed community, as meas7 ured by a geographic area whose job growth has 

8 been less than the eighty percent of the na9 tional rate of growth over the past forty years. 

10 (D) Additional criteria determined to be 

11 relevant by the Board of Directors. 

12 (6) USE OF FUNDS.—The Corporation shall 

13 make grants to MRCs to design and implement the 

14 following programs: 

15 (A) ANCHOR INSTITUTIONS.—Provide a 

16 program of capacity building and technical as17 sistance to institutions of higher education and 

18 local government to bring together diverse 

19 stakeholders who commit sourcing to local com20 panies whenever possible to generate a predict21 able demand for local companies in order to 

22 create community wealth building strategies. 

23 (B) EARLY WARNING SYSTEMS.—Proactive 

24 outreach to companies facing closure risks to 

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1 nancial needs. This outreach would be designed 

2 to gather public data and information from em3 ployees and service providers to identify prob4 lems that can be solved before they constitute 

5 a crisis. These activities may include: 

6 (i) Providing assistance to employers 

7 in managing reductions in force, which 

8 may include early identification of firms at 

9 risk of layoffs, and an assessment of the 

10 needs of and options for at-risk firms. 

11 (ii) Funding feasibility studies to de12 termine if the operations of a company 

13 may be sustained through a buyout or 

14 other means to avoid or minimize layoffs. 

15 (iii) Partnering or contracting with 

16 business-focused organizations to assess 

17 risks to companies, propose strategies to 

18 address those risks, implement services, 

19 and measure impacts of services delivered. 

20 (iv) Conducting analyses of the sup21 pliers of an affected company to assess 

22 their risks and vulnerabilities from a po23 tential closing or shift in production of 

24 their major customer. 


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1 (v) Engaging in proactive measures to 

2 identify opportunities for potential eco3 nomic transition in growing industry sec4 tors or expanding businesses. 

5 (C) OWNERSHIP SUCCESSION.—Develop 

6 acquisition and ownership succession strategies 

7 for firms, firms that are scheduled to be sold or 

8 relocated, and strategically or geographically 

9 important firms with a focus on worker owner10 ship, ownership by Black, Indigenous and peo11 ple of color, and women ownership. Such strate12 gies may include the following: 

13 (i) Technical and business assistance 

14 to employers facing succession risk and re15 search and market analysis on businesses 

16 facing succession risk. 

17 (ii) Recruitment of private investment 

18 capital and serving as a liaison between 

19 firms and potential buyers who commit to 

20 maintain production in the MRC jurisdic21 tion. 

22 (iii) Training of minority and women 

23 business entrepreneurs and employee own24 ership groups. 


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1 (iv) Providing financial assistance for 

2 employee ownership conversions. 

3 (D) CAPITAL ACCESS AND ECONOMIC DE4 VELOPMENT.—The MRCs will facilitate the de5 velopment of publicly owned financial institu6 tions, including publicly owned banks, holding 

7 companies, investment and asset management 

8 firms, revolving loan funds, and insurance pools 

9 that share the objectives of the national manu10 facturing strategy to support the growth of a 

11 robust local manufacturing ecosystem, including 

12 the following: 

13 (i) Providing funds for capitalization, 

14 start-up and operational financing, start15 up technical and legal assistance and other 

16 services as needed to create, and others at 

17 the discretion of the MRC. 

18 (ii) Working with community develop19 ment financial institutions and other local 

20 lenders to provide financial products and 

21 services to small and medium manufactur22 ers, for the purposes of facility develop23 ment, purchase of new equipment and 

24 technology, and expansion to new markets. 


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1 (iii) Providing grants and loans for 

2 commercial real estate development for 

3 business incubators and industrial parks, 

4 including expenses for environmental reme5 diation. 

6 (E) EDUCATION INFRASTRUCTURE TO

7 CLOSE THE SKILLS GAP.—Education programs 

8 in public prekindergarten, elementary schools, 

9 and secondary schools that focus on creating 

10 pathways for people of color, women, and so11 cially and economically disadvantaged individ12 uals in manufacturing preparing for careers at 

13 all levels with the company, including produc14 tion, engineering, product development, man15 agement, financial management, and ownership. 

16 Programs must integrate environmental con17 cerns into the curriculum and activities. Ap18 prenticeship programs will be developed to en19 sure an adequate pool of instructors for all as20 pects of the education infrastructure ensuring 

21 that manufacturing instructors are techno22 logically, culturally, and pedagogically com23 petent. Resources and training for peda24 gogically, culturally, and technologically com25 petent instructors for career education, pre-apVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00015 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 prenticeship, skills training, and community col2 lege programs in local public prekindergarten, 

3 elementary schools, and secondary schools. 

4 (F) TRAINING SERVICES.—Workforce pipe5 line activities, developed in coordination with 

6 each local workforce development board estab7 lished in section 107 of the Workforce Innova8 tion and Opportunity Act (29 U.S.C. 3122), 

9 that may include any of the following: 

10 (i) Occupational skills training, in11 cluding training for nontraditional employ12 ment. 

13 (ii) Programs that combine workplace 

14 training with related instruction. 

15 (iii) Skill upgrading and retraining. 

16 (iv) Entrepreneurial training. 

17 (v) Adult education and literacy ac18 tivities, including activities of English lan19 guage acquisition and integrated education 

20 and training programs, provided concur21 rently or in combination with services de22 scribed in any of clauses (i) through (iv). 

23 (vi) Customized training conducted 

24 with a commitment by an employer or 


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1 group of employers to employ targeted 

2 populations. 

3 (vii) Paid and unpaid work experi4 ences that have as a component academic 

5 and occupational education, which may in6 clude— 

7 (I) summer employment opportu8 nities and other employment opportu9 nities available throughout the school 

10 year; 

11 (II) pre-apprenticeship programs; 

12 (III) internships and job shad13 owing; and 

14 (IV) youth apprenticeships. 

15 (viii) Leadership development oppor16 tunities, which may include community 

17 service and peer-centered activities encour18 aging responsibility and other positive so19 cial and civic behaviors, as appropriate— 

20 (I) supportive services; and 

21 (II) adult mentoring. 

22 (ix) Manufacturing awareness and 

23 stem programs targeting elementary 

24 schools and middle schools. 


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1 (G) WRAPAROUND SERVICES.—Provide 

2 grants to local governments and community3 based organizations for supportive services in4 cluding— 

5 (i) the provision of direct support 

6 services (such as childcare, transportation, 

7 mental health, and substance use disorder 

8 treatment), assistance in obtaining health 

9 insurance coverage, and assistance in ac10 cessing the supplemental nutrition assist11 ance program established under the Food 

12 and Nutrition Act of 2008 (7 U.S.C. 2011 

13 et seq.), the special supplemental nutrition 

14 program for women, infants, and children 

15 established by section 17 of the Child Nu16 trition Act of 1966 (42 U.S.C. 1786), 

17 housing, and other benefits, as appro18 priate; and 

19 (ii) offering career pathway navigation 

20 and case management services, including 

21 providing information and outreach to tar22 get populations to encourage individuals to 

23 take part in programs and service offer24 ings. 


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1 (H) EQUITY.—Provide non-traditional 

2 manufacturing populations (such as women, 

3 Black, Indigenous, and Latino entrepreneurs) 

4 with targeted support through— 

5 (i) leadership development programs 

6 including mentoring and affinity groups; 

7 (ii) curriculum development for diver8 sity, equity, and inclusion trainings; and 

9 (iii) delivery of free or low-cost equity 

10 trainings and planning for companies. 

11 (7) FUNDING AND TECHNICAL ASSISTANCE FOR

12 MRCS.—The Corporation shall provide grants and 

13 technical assistance to MRCs in identifying, moni14 toring, evaluating, and implementing activities that 

15 show promise towards the goals of the Corporation 

16 and the national manufacturing strategy, as deter17 mined by the Board. 

18 (c) GENERAL ADMINISTRATIVE AUTHORITY.—To 

19 carry out the purposes of this Act and engage in the fore20 going activities described in subsection (b), the Corpora21 tion is authorized— 

22 (1) to adopt, alter, and use a corporate seal; 

23 (2) to make and perform contracts, agreements, 

24 and commitments; 


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1 (3) to sue and be sued, complain and defend, in 

2 any State, Federal, or other court; 

3 (4) to determine the necessary expenditures of 

4 the Corporation and the manner in which those ex5 penditures are incurred, allowed, and paid, and ap6 point, employ, and fix and provide for the compensa7 tion of consultants, without regard to any other law, 

8 except as provided in section 5(d); 

9 (5) to settle, adjust, and compromise, and with 

10 or without compensation or benefit to the Corpora11 tion to release or waive in whole or in part, in ad12 vance or otherwise, any claim, demand, or right of, 

13 by, or against the Corporation; 

14 (6) to invest such funds of the Corporation in 

15 such investments as the Board of Directors may pre16 scribe by majority vote; 

17 (7) to acquire, take, hold, and own, and to deal 

18 with and dispose of any property; and 

19 (8) to exercise all other powers that are nec20 essary and proper to carry out the purposes of this 

21 Act. 

22 SEC. 5. BOARD OF DIRECTORS. 

23 (a) MEMBERSHIP.—The Corporation shall be under 

24 the direction of a Board of Directors composed of the fol25 lowing directors: 


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1 (1) A Chief Manufacturing Officer, appointed 

2 by the President, by and with the advice and consent 

3 of the Senate. 

4 (2) The Secretary of Commerce, or an ap5 pointee of the Secretary. 

6 (3) The Secretary of Labor, or an appointee of 

7 the Secretary. 

8 (4) The Secretary of Education, or an ap9 pointee of the Secretary. 

10 (5) The Secretary of Energy, or an appointee of 

11 the Secretary. 

12 (6) The Secretary of the Treasury, or an ap13 pointee of the Secretary. 

14 (7) The National Climate Advisor, or an ap15 pointee of the Advisor. 

16 (8) National Science Foundation Director, or 

17 an appointee of the Director. 

18 (9) A manufacturing labor representative who 

19 within the past five years served in elected leader20 ship of a national or regional labor union or federa21 tion, appointed by the President. 

22 (10) A representative who is a prekindergarten, 

23 elementary school, or secondary school educator or 

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1 ship of a labor union, association, or federation for 

2 educators, appointed by the President. 

3 (11) A employee-owner representative who with4 in the past five years served in elected leadership of 

5 an employee-owned manufacturing firm, appointed 

6 by the President. 

7 (12) A manufacturing business representative 

8 who within the past five years served in a voluntary 

9 leadership position in a manufacturing business as10 sociation, appointed by the President. 

11 (13) A faith representative who within the past 

12 five years served in a voluntary leadership position 

13 in a national or regional faith-based community de14 velopment association, appointed by the President. 

15 (14) A racial justice representative who within 

16 the past five years served in a voluntary leadership 

17 position in a nonprofit organization that develops 

18 strategies toward Black, Latino, Asian-American, or 

19 Indigenous advancement, appointed by the Presi20 dent. 

21 (15) An environmental representative who with22 in the past five years served in a voluntary leader23 ship position in a nonprofit organization that devel24 ops strategies towards addressing the climate crisis, 

25 appointed by the President. 


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1 (16) The Director of the Domestic Policy Coun2 cil, or an appointee. 

3 (b) CHAIR OF THE BOARD.—The Board shall elect 

4 a Chair of the Board from the directors who shall serve 

5 for a term of 2 years, except that the Secretary of Com6 merce shall serve as Chair of the Board for the first 2- 

7 year term. 

8 (c) TERMS OF OFFICE.—Each director of the Cor9 poration shall serve at the pleasure of the President. 

10 (d) COMPENSATION AND EXPENSES.—The directors 

11 of the Corporation, as officers of the United States, shall 

12 serve without additional compensation but shall be reim13 bursed for travel, subsistence, and other necessary ex14 penses incurred in the performance of the duties as direc15 tors of the Corporation. 

16 (e) QUORUM.—The presence of a majority of the 

17 Board of Directors or a representative shall constitute a 

18 quorum. 

19 SEC. 6. OFFICERS AND EMPLOYEES. 

20 (a) APPOINTMENT OF EXECUTIVE DIRECTOR.—The 

21 Board of Directors shall appoint an executive director who 

22 shall serve as chief executive officer of the Corporation. 

23 (b) APPOINTMENT AND REMOVAL OF EMPLOYEES BY

24 EXECUTIVE DIRECTOR.—The executive director of the 

25 Corporation, subject to approval by the Board, may apVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 point and remove such employees of the Corporation as 

2 the executive director determines necessary to carry out 

3 the purposes of the Corporation. 

4 (c) PROHIBITION OF POLITICAL TESTS AND QUALI5 FICATIONS IN SELECTION OF PERSONNEL.—A political 

6 test and political qualification may not be used in select7 ing, appointing, promoting, or taking any other personnel 

8 action with respect to any officer, agent, or employee of 

9 the Corporation or of any recipient, or in selecting or mon10 itoring any grantee, contractor, or person or entity receiv11 ing financial assistance under this Act. 

12 (d) EMPLOYEE STATUS; APPLICABILITY OF ADMINIS13 TRATIVE AND COST STANDARDS OF OFFICE OF MANAGE14 MENT AND BUDGET.—Officers and employees of the Cor15 poration shall not be considered officers or employees of 

16 the United States, and the Corporation shall not be con17 sidered a department, agency, or instrumentality of the 

18 Federal Government. The Corporation shall be subject to 

19 administrative and cost standards issued by the Office of 

20 Management and Budget similar to standards applicable 

21 to non-profit grantees. 

22 (e) ADVISORY COMMITTEE.—The Corporation shall 

23 be supported by an advisory committee established by the 

24 Board of Directors, consisting of academic and industry 

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1 holders, and others at the discretion of the Board of Direc2 tors. 

3 (f) NATIONAL ADVISORY COUNCIL.—Each local MRC 

4 shall select three representatives of the local MRC, includ5 ing a representative of a company with less than 100 em6 ployees, a representative of the labor movement, and a 

7 representative of a community based organization to serve 

8 on a national advisory council that shall advise the Cor9 poration. Any representative shall— 

10 (1) be an active member in MRC work; 

11 (2) be a leader active in promoting and building 

12 the partnerships with labor, manufacturers, govern13 ment, and environmental, and community organiza14 tions. and work of the MRC; and 

15 (3) commit to participate in 2 national meet16 ings of the advisory council annually and participate 

17 in company, union, or community-based organization 

18 subcommittees. 

19 SEC. 7. REPORTS AND AUDITS. 

20 (a) ANNUAL REPORT TO PRESIDENT AND CON21 GRESS.—Not later than March 1 of each year, the execu22 tive director of the Corporation shall publish and submit 

23 to the President and Congress an annual report that con24 tains the following: 

25 (1) The national manufacturing strategy. 


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1 (2) The activities being carried out by the Cor2 poration and local Manufacturing Renaissance Coun3 cils. 

4 (3) A statement of financial position and the 

5 use of appropriated funds by the Corporation. 

6 (b) ANNUAL AUDIT OF ACCOUNTS.—The accounts of 

7 the Corporation shall be audited annually. Such audits 

8 shall be conducted in accordance with generally accepted 

9 auditing standards by independent certified public ac10 countants who are certified by a regulatory authority of 

11 the jurisdiction in which the audit is undertaken. 

12 (c) GAO AUDIT.—The Government Accountability 

13 Office may audit the financial transactions of the Corpora14 tion for any fiscal year in which Federal funds are made 

15 available to the Corporation in accordance with such rules 

16 and regulations as may be prescribed by the Comptroller 

17 General of the United States. 

18 (d) AUDIT OF GRANTEES AND CONTRACTORS OF

19 CORPORATION.—For any fiscal year in which Federal 

20 funds are made available to finance any portion of grant 

21 or contract made by the Corporation, the Government Ac22 countability Office, in accordance with such rules and reg23 ulations as may be prescribed by the Comptroller General 

24 of the United States, may audit the grantees or contrac25 tors of the Corporation. 


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1 (e) ANNUAL FINANCIAL AUDIT.—The Corporation 

2 shall conduct or require each grantee or contractor to pro3 vide for an annual financial audit. The report of each such 

4 audit shall be maintained for a period of at least five years 

5 at the principal office of the Corporation. 

6 SEC. 8. AUTHORIZATION OF APPROPRIATIONS. 

7 (a) AUTHORIZATION.— 

8 (1) IN GENERAL.—There is authorized to be 

9 appropriated to the Corporation to carry out this 

10 Act the following: 

11 (A) $4,000,000,000 for fiscal year 2026. 

12 (B) $4,000,000,000 for fiscal year 2027. 

13 (C) $4,000,000,000 for fiscal year 2028. 

14 (2) ADMINISTRATIVE EXPENSE LIMIT.—Not 

15 more than 15 percent of any amount authorized to 

16 be appropriated under paragraph (1) for any fiscal 

17 year may be used for administrative expenses. 

18 (3) GRANTS AND TRAINING FUNDS.—Of the 

19 amounts authorized to be appropriated under this 

20 subsection for any fiscal year, amounts appropriated 

21 in excess of the amount necessary to continue exist22 ing services of the Corporation in revitalizing and re23 investing in manufacturing shall be available— 

24 (A) to make grants under section 4(b)(3); 

25 and 


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1 (B) to establish a training and leadership 

2 development institute within the Corporation to 

3 train and develop leaders in the manufacturing 

4 sector. 

5 (b) AVAILABILITY OF FUNDS UNTIL EXPENDED.— 

6 Any funds authorized to be appropriated under this sec7 tion shall remain available until expended. 

8 (c) ACCOUNTING AND REPORTING OF NON-FEDERAL

9 FUNDS.—Non-Federal funds received by the Corporation, 

10 and funds received by any recipient from a source other 

11 than the Corporation, shall be accounted for and reported 

12 as receipts and disbursements separate and distinct from 

13 Federal funds. 

14 (d) PREPARATION OF BUSINESS-TYPE BUDGET.— 

15 The executive director of the Corporation shall annually 

16 submit to the Director of the Office of Management and 

17 Budget a budget under such rules and regulations as the 

18 President may establish as to the date of submission, the 

19 form and content, the classifications of data, and the man20 ner in which such budget shall be prepared and presented. 

21 The budget of the Corporation as modified, amended, or 

22 revised by the President shall be transmitted to the Con23 gress as part of the annual budget required by chapter 

24 11 of title 31, United States Code. Amendments to the 

25 annual budget of the Corporation may be submitted annuVerDate Sep 11 2014 21:26 Dec 06, 2024 Jkt 059200 PO 00000 Frm 00028 Fmt 6652 Sfmt 6201 E:\BILLS\H10261.IH H10261

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1 ally from the Corporation to the congressional committees 

2 of jurisdiction. 

3 SEC. 9. REGULATIONS. 

4 (a) PROPOSED REGULATIONS.—Not later than 180 

5 days after the date of the enactment of this Act, the Sec6 retary of Commerce, in collaboration with the Secretary 

7 of Labor, the Secretary of Education, the Secretary of De8 fense, the Secretary of Energy, and the Secretary of the 

9 Treasury, as appropriate, shall develop and publish in the 

10 Federal Register proposed regulations relating to the im11 plementation of this Act. 

12 (b) FINAL REGULATIONS.—Not later than 12 months 

13 after the date of the enactment of this Act, the Secretary 

14 of Commerce, in collaboration with the Secretary of 

15 Labor, the Secretary of Education, the Secretary of De16 fense, the Secretary of Energy, and the Secretary of the 

17 Treasury, as appropriate, shall develop and publish in the 

18 Federal Register final regulations relating to the transi19 tion to and implementation of this Act. 

20 SEC. 10. DEFINITIONS. 

21 In this Act: 

22 (1) ANCHOR INSTITUTION.—The term ‘‘anchor 

23 institution’’ means a place-based public or nonprofit 

24 organization that contributes to economic develop25 ment strategies with its commercial practices. 


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1 (2) BOARD; BOARD OF DIRECTORS.—The terms 

2 ‘‘Board’’ and ‘‘Board of Directors’’ means the Board 

3 of Directors described under section 5. 

4 (3) CONVENING ENTITY.—The term ‘‘convening 

5 entity’’ means the stakeholder organization that sub6 mits the bid on behalf of the local Manufacturing 

7 Renaissance Council and serves as the ongoing chief 

8 administrative entity for the programs. 

9 (4) CORPORATION; MANUFACTURING REINVEST10 MENT CORPORATION.—The terms ‘‘Corporation’’ 

11 and ‘‘Manufacturing Reinvestment Corporation’’ 

12 mean the corporate body established in section 3. 

13 (5) ESEA TERMS.—The terms ‘‘elementary 

14 school’’ and ‘‘secondary school’’ have the meanings 

15 given such terms in section 8101 of the Elementary 

16 and Secondary Education Act of 1965 (20 U.S.C. 

17 7801). 

18 (6) INSTITUTION OF HIGHER EDUCATION.—The 

19 term ‘‘institution of higher education’’ has the 

20 meaning given such term in section 101 of the High21 er Education Act of 1965 (20 U.S.C. 1001). 

22 (7) MANUFACTURING RENAISSANCE COUNCIL; 

23 MRC.—The terms ‘‘Manufacturing Renaissance 

24 Council’’ and ‘‘MRC’’ mean the local multi-stake25 holder body responsible for designing and overseeing 


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1 programs as part of the national manufacturing 

2 strategy described in section 4(b). 

3 (8) MINORITY-SERVING INSTITUTION.—The 

4 term ‘‘minority-serving institution’’ means an insti5 tution listed in section 371(a) of the Higher Edu6 cation Act of 1965 (20 U.S.C. 1067q(a)). 

7 (9) NATIONAL MANUFACTURING STRATEGY.— 

8 The term ‘‘national manufacturing strategy’’ means 

9 the manufacturing strategy for the United States re10 quired pursuant to section 4(a)(1). 

11 (10) NONPROFIT ORGANIZATION.—The term 

12 ‘‘nonprofit organization’’ means an organization that 

13 is described in section 501(c)(3) of the Internal Rev14 enue Code of 1968 and exempt from taxation under 

15 section 501(a) of such Code. 

Æ 


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