[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1520 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 1520

 To establish the United States Investment Accelerator, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 29, 2025

Mrs. Blackburn (for herself, Mr. Budd, and Mr. Ricketts) introduced the 
 following bill; which was read twice and referred to the Committee on 
                 Commerce, Science, and Transportation

_______________________________________________________________________

                                 A BILL


 
 To establish the United States Investment Accelerator, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investment Accelerator Act of 
2025''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Commerce, Science, and 
                Transportation of the Senate; and
                    (B) the Committee on Energy and Commerce of the 
                House of Representatives.
            (2) Department.--The term ``Department'' means the 
        Department of Commerce.
            (3) Executive director.--The term ``Executive Director'' 
        means the Executive Director of the Investment Accelerator 
        appointed under section 3(c).
            (4) Investment accelerator.--The term ``Investment 
        Accelerator'' means the United States Investment Accelerator 
        established under section 3(a).
            (5) Secretary.--The term ``Secretary'' means the Secretary 
        of Commerce.

SEC. 3. UNITED STATES INVESTMENT ACCELERATOR.

    (a) Establishment.--Subject to the availability of appropriations, 
the Secretary, in coordination with the Secretary of the Treasury and 
the Assistant to the President for Economic Policy, shall maintain in 
the Department an office that shall be known as the ``United States 
Investment Accelerator''.
    (b) Purposes.--The purposes of the Investment Accelerator shall be 
to--
            (1) facilitate and accelerate investments valued at more 
        than $1,000,000,000 in the United States by assisting investors 
        in navigating United States Government regulatory processes 
        efficiently;
            (2) reduce regulatory burdens where consistent with 
        applicable law;
            (3) increase access to and use of the national resources of 
        the United States where appropriate and consistent with 
        applicable law;
            (4) facilitate research collaborations with national labs 
        in the United States;
            (5) work with State governments in all 50 States to reduce 
        regulatory barriers to, and increase, domestic and foreign 
        investment in the United States;
            (6) coordinate and oversee the activities of the CHIPS 
        Program Office in the Department; and
            (7) identify any existing mechanisms, exceptions, and 
        opportunities in Federal law that can be used to assist foreign 
        and domestic investors, consistent with the protection of 
        national security.
    (c) Executive Director.--
            (1) In general.--There is established the position of the 
        Executive Director of the Investment Accelerator as the head of 
        the Investment Accelerator.
            (2) Appointment.--The Executive Director shall be appointed 
        by the Secretary.
            (3) Responsibilities.--The Executive Director shall carry 
        out the purposes of the Investment Accelerator under subsection 
        (b).
    (d) Staffing.--The Director may hire legal, transactional, 
operational, and support staff to support the activities of the 
Investment Accelerator.

SEC. 4. REPORTS.

    Not later than 1 year after the date of enactment of this Act, and 
each year thereafter, the Executive Director shall submit a report to 
the appropriate congressional committees on the activities of the 
Investment Accelerator.
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