I 
117TH CONGRESS 
2D SESSION 
H. R. 9512 
To establish a National Development Strategy, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 13, 2022 
Mr. KHANNA introduced the following bill; which was referred to the Com-
mittee on Financial Services, and in addition to the Committee on Energy 
and Commerce, for a period to be subsequently determined by the Speak-
er, in each case for consideration of such provisions as fall within the ju-
risdiction of the committee concerned 
A BILL 
To establish a National Development Strategy, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Development 
Strategy and Coordination Act of 2022’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
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(1) 
APPROPRIATE
CONGRESSIONAL
COM-
MITTEE.—The term ‘‘appropriate congressional com-
mittee’’ means— 
(A) the Committee on Banking, Housing, 
and Urban Affairs, the Committee on Finance, 
the Committee on Commerce, Science, and 
Transportation, and the Select Committee on 
Intelligence of the Senate; and 
(B) the Committee on Financial Services, 
the Committee on Energy and Commerce, and 
the Permanent Select Committee on Intelligence 
of the House of Representatives. 
(2) COUNTRY OF CONCERN.—The term ‘‘coun-
try of concern’’ means— 
(A) the People’s Republic of China and 
any other foreign government or foreign non- 
government person determined to be a foreign 
adversary under section 7.4 of title 15, Code of 
Federal Regulations, or any successor regula-
tion; or 
(B) any country determined by the Sec-
retary of Commerce, in consultation with the 
United States Trade Representative, the Sec-
retary of Defense, and the Director of National 
Intelligence, to have inadequate safeguards in 
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fore, on, or after the date of the enactment 
of this Act; and 
(ii) maintained by the Office of For-
eign Assets Control; 
(E) a Chinese military company on the list 
required by section 1260H of the William M. 
(Mac) Thornberry National Defense Authoriza-
tion Act for Fiscal Year 2021 (Public Law 
116–283; 10 U.S.C. 113 note); 
(F) an entity on the Entity List main-
tained by the Bureau of Industry and Security 
of the Department of Commerce and set forth 
in Supplement No. 4 to part 744 of title 15, 
Code of Federal Regulations, or any successor 
regulation; 
(G) an entity that produces equipment or 
services on the list of communications equip-
ment and services that pose an unacceptable 
risk to the national security of the United 
States or the security and safety of United 
States persons maintained by the Federal Com-
munications Commission under section 2 of the 
Secure and Trusted Communications Networks 
Act of 2019 (47 U.S.C. 1601); or 
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(H) any entity that is majority owned or 
controlled by, or under common ownership or 
control with, an entity described in any of sub-
paragraphs (A) through (G). 
SEC. 3. ESTABLISHMENT OF THE INTERAGENCY COM-
MITTEE FOR THE COORDINATION OF NA-
TIONAL 
DEVELOPMENT 
FINANCING 
PRO-
GRAMS. 
(a) ESTABLISHMENT.—There is established in the 
Executive Office of the President a Committee to be 
known as the Interagency Committee for the Coordination 
of National Development Financing Programs (referred to 
in this Act as the ‘‘Committee’’). 
(b) MEMBERSHIP.— 
(1) COMPOSITION.—The Committee shall con-
sist of the following members: 
(A) The Secretary of Transportation or a 
designee of the Secretary. 
(B) The Secretary of Energy or a designee 
of the Secretary. 
(C) The Secretary of Commerce or a des-
ignee of the Secretary. 
(D) The Secretary of Labor or a designee 
of the Secretary. 
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(E) The Secretary of the Treasury or a 
designee of the Secretary. 
(F) The Administrator of the Small Busi-
ness Administration or a designee of the Ad-
ministrator. 
(G) The Secretary of Defense or a des-
ignee of the Secretary. 
(H) The Director of National Intelligence 
or a designee of the Director. 
(I) The Secretary of Agriculture or a des-
ignee of the Secretary. 
(J) The United States Trade Representa-
tive or their designee. 
(K) The Chair of the Board of Governors 
of the Federal Reserve or a designee of the 
Chair, who shall serve as a nonvoting member. 
(L) The Secretary of the Treasury or a 
designee of the Secretary, who shall serve as 
the chair of the Committee. 
(2) TIE VOTE.—In the event of a tie vote, the 
vote of the chair of the Committee shall serve as the 
tie-breaker. 
(c) DUTIES.—The Committee— 
(1) shall submit to Congress the National De-
velopment Strategy described in subsection (d); 
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(A) not later than 1 year after the date of 
enactment of this Act; and 
(B) not later than 1 year after January 
20, 2024, and every 4 years thereafter, and in 
each such year not earlier than the latest date 
on which the budget of the President may be 
submitted to Congress under section 1105(a) of 
title 31, United States Code, submit to Con-
gress the National Development Strategy de-
scribed in subsection (d); and 
(2) shall identify economic sectors of the United 
States, regions of the United States, and, as nec-
essary and supported by substantial evidence, 
projects or partnerships that advance the goals of 
the National Development Strategy described in sub-
section (d), to which financing assistance should be 
prioritized by member agencies of the Committee 
and should be provided or supported by the Federal 
Financing Bank. 
(d) NATIONAL
DEVELOPMENT
STRATEGY.—The 
Committee shall develop a publicly available (except for 
an allowable classified annex) National Development 
Strategy, which shall— 
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(1) identify and address vulnerabilities in 
United States supply chains in industries critical to 
national security; 
(2) identify and address vulnerabilities and 
shortfalls in domestic manufacturing capabilities 
that threaten the ability of the United States to 
maintain a global advantage in innovation and man-
ufacturing; 
(3) identify weaknesses and discuss opportuni-
ties to strengthen the broad industrial base of the 
United States, which may include— 
(A) strengthening supply chain resiliency; 
(B) supporting industries critical for the 
national security; 
(C) developing technologies that provide 
scientific or commercial value to the United 
States; 
(D) supporting job growth and develop-
ment of critical manufacturing capabilities with-
in the United States workforce; 
(E) supporting the development and adop-
tion of innovative resource extraction tech-
nologies, including technologies for renewable 
energy; and 
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(F) supporting job growth and economic 
development in critical industries in qualified 
opportunity zones (as defined in section 1400Z– 
1 of the Internal Revenue Code of 1986); 
(4) identify industries and regions in the United 
States that require assistance in order to address 
vulnerabilities and advance the goals described in 
paragraphs (1), (2), and (3); and 
(5) outline a strategic plan to promote invest-
ment in the industries described in paragraph (4), 
which shall include— 
(A) an estimate of the amount and nature 
of public financing needed to achieve the goals 
and address vulnerabilities described in para-
graphs (1), (2), and (3); 
(B) an inventory of all Federal programs 
in existence as of the date of the National De-
velopment Strategy that are capable of pro-
viding the financing described in subparagraph 
(A), the level of investment from each such 
Federal program in the preceding 5-year period, 
and a detailed description of how each such 
program is advancing development goals in the 
United States; 
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