Purposes

The purposes of this Act are— (1) to ensure that advanced technologies critical to economic growth and national security are developed, commercialized, and produced in, and exported by, the United States and allies and partners of the United States, rather than adversaries of the United States; (2) to address capital market failures in sectors where United States production capacity and innovation is in the national interest; (3) to coordinate the resources of the Federal Government— (A) to promote domestic technology invention, development, commercialization, production, and exportation; (B) to support the unmet capital needs of manufacturing companies of all sizes to grow domestically; (C) to encourage workforce training to support the growth and resilience of domestic manufacturing; (D) to accelerate permitting related to domestic manufacturing projects; and (E) to improve access to physical infrastructure, such as energy and logistics, for the growth of domestic manufacturing; and (4) to promote the creation of good jobs in communities across the United States, along with the benefits of advanced industry development on local development.