119-s1520

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

    (IS) ]

<DOC>

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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