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Industrial Finance Act.pdf

SUMMARY IFCUS 117 v.2.pdf

🔗 Source: coons.senate.gov

📊 Size: 165 KB

📄 Pages: 2 pages

⬇️ Downloads: 290

Summary

The Industrial Finance Corporation Act of 2021 aims to address domestic manufacturers' lack of access to capital, leading to off-shoring of skilled jobs and failure to reap economic benefits of US innovation. The act establishes the Industrial Finance Corporation of the US (IFCUS), a government-owned corporation, to support resilient supply chains, US manufacturing, and on-shore commercialization of advanced technologies. IFCUS will leverage $50B in capital to generate hundreds of billions of dollars in additional financing, working with private capital partners, and maintaining high environmental, social, and labor standards. The corporation will complement private capital and existing government programs, ensuring transparency and accountability to the public and Congress. Illustrative examples of IFCUS' potential investments include supporting a biopharmaceutical supplier, a steel producer transitioning to climate-conscious markets, HVDC transmission component manufacturing, domestic semiconductor manufacturing, and advanced battery manufacturing.

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Description

The Industrial Finance Corporation Act of 2021 aims to address domestic manufacturers' lack of access to capital, leading to off-shoring of skilled jobs and...

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File Format: PDF
File Size: 165 KB
Pages: 2
Language: EN
Total Downloads: 290
Last Updated: 1 week ago

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This PDF document about Industrial Finance Act provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Industrial Finance Act.