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.

II119th CONGRESS1st SessionS. 1520IN THE SENATE OF THE UNITED STATESApril 29, 2025Mrs. 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 TransportationA BILLTo 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.