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.