National Development Strategy and Coordination Act of 2023
This bill establishes a new Interagency Committee within the Executive Office of the President to coordinate federal financing for national development. The Committee must create a public National Development Strategy every four years, identifying supply chain vulnerabilities, manufacturing gaps, and priority industries for investment. Federal agencies and the Federal Financing Bank must align their financing, research, and development activities with this strategy, prioritizing projects that strengthen U.S. industrial capabilities and supply chains. The strategy requires specific metrics to track investments, including ZIP codes and industry classifications, and prohibits funding projects involving entities from "countries of concern" like China. This affects federal agencies managing financing programs, manufacturers, and businesses seeking federal support for strategic projects.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
President
Introduced Jan 26, 2023
Last action Jan 26, 2023
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 26, 2023
Senate · Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 26, 2023
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Marco Rubio
RRepublican
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