Establishing the United States Investment Accelerator
Establishes the United States Investment Accelerator, a Department of Commerce office, to facilitate and accelerate private investments above $1 billion by helping investors navigate federal regulatory processes and reduce regulatory burdens. The office also assumes responsibility for the CHIPS Program Office and is directed to negotiate better deals for taxpayers.
Section by Section
What each section does, and how they differ.
Establishes the policy and purpose of this order.
It is the policy of the United States to modernize its processes to attract substantial domestic and foreign investment in the United States and to actively assist those building here for the benefit of our Nation's economic prosperity to unleash investment from our small businesses to the largest companies.
Within 30 days of the date of this order, the Secretary of Commerce, in coordination with the Secretary of the Treasury and the Assistant to the President for Economic Policy, shall establish within the Department of Commerce an office named the United States Investment Accelerator (Investment Accelerator).
Nothing in this order shall be construed to impair or otherwise affect: (i) the authority granted by law to an executive department or agency, or the head thereof; or (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.