National Development Strategy and Coordination Act of 2023

The National Development Strategy and Coordination Act of 2023 establishes an Interagency Committee within the Executive Office of the President to develop a National Development Strategy focused on strengthening U.S. supply chains, manufacturing capabilities, and innovation in critical industries. The strategy will identify vulnerable sectors needing federal support, prioritize projects aligned with national security goals, and guide the Federal Financing Bank's investments. The bill authorizes $5 billion annually for fiscal years 2024-2027 to fund projects aligned with this strategy, while prohibiting support for entities from countries of concern. It requires regular public reporting on investments, performance metrics, and annual assessments of the strategy's implementation across federal agencies.