Economics and Public Finance
Build America Fund Act
- Introduced
- Committee
- House
- Senate
- President
- Law
- Introduced
- July 27, 2026
- Sponsor
- · D–PA
- Recorded roll calls
- None recorded
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Read FactVote summary
The bill would establish a Manufacturing Sovereign Wealth Fund governed by a 13-member presidentially appointed board to invest in specified U.S. manufacturing, technology, supply-chain, workforce, and small-business sectors through equity investments, loans, and loan guarantees. Companies receiving investments would face requirements including 50-year limits on moving or expanding operations overseas, domestic use of proceeds, restrictions involving foreign entities of concern, and labor standards. The Fund would receive $310 billion in appropriations over 10 years, along with specified fees, duties, and tax revenues, and would provide an income-based tax credit funded by 25 percent of its average annual proceeds beginning for taxable years after September 30, 2032. The bill would also create an Industrial Sovereignty Council and provide for Fund liquidation after 10 years.
FactVote-generated overview; it is not an official CRS summary.