Sec. 5. Improvements to Federal efforts to support job creation in manufacturing and services sectors
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Each year, the Secretary of Commerce shall establish a baseline and target levels for— high-value job creation and high-value job growth in United States manufacturing and information technology; and repatriating high-value jobs to the United States. Not later than 180 days after the date of the enactment of this Act, the Secretary of Commerce shall, in consultation with relevant Federal agencies, develop recommendations for such executive or legislative action as the Secretary considers appropriate— to expand the scope of high-value jobs performed by companies in the United States in order to create new jobs in the United States, including efforts— to serve the United States domestic market; to increases exports from the United States to overseas; and to identify and support developments in emerging sectors; to expand the scope of engineering work performed by companies in the United States in order to create new jobs in the United States, including efforts described in subparagraph (A); to assess— the effectiveness of current laws on companies based in the United States in terms of the effect on marginal decisions on where to locate capacity expansions; and if United States domestic or global growth occurs, how can legislation facilitate United States-based companies expanding their United States-based manufacturing, not solely their foreign-based manufacturing operations; and to encourage United States corporations with production or services located in a foreign country to repatriate such production or services to the United States, including foreign earnings, for the purpose of increasing investment and job creation in the United States.
The recommendations required by paragraph
(1)shall include the following: An assessment of the effectiveness of current law in encouraging the repatriation of foreign earnings to the United States and in investing foreign earnings in the United States, including an estimate of the loss of revenue to the United States from any existing policies. An assessment of the feasibility and advisability of additional legislative action to encourage the repatriation of manufacturing production or services to the United States. An estimate of the potential impacts of the legislative action described in subparagraph (B). Development of recommendations regarding legislative action described in subparagraph (B). Not later than 180 days after the date of the enactment of this Act, the Secretary of Commerce shall submit to Congress the recommendations required by paragraph (1). Upon submission of the report pursuant to subparagraph (A), the Secretary shall make such report available to the public. The Secretary of Commerce may establish such task forces as the Secretary considers necessary to meet the baseline and target levels established under subsection
(a)and, to the extent possible, implement the recommendations issued under subsection (b). To the degree practicable, each task force established pursuant to paragraph
(1)shall cooperate with— the President's Council on Innovation and Competitiveness in the development of the agenda required by section 1006(d)(1) of the America COMPETES Act (15 U.S.C. 3718(d)(1)); and other relevant efforts to improve United States competitiveness. Each task force established pursuant to paragraph
(1)shall be composed of members appointed by the Secretary as follows: At least 1 representative of each of the following: The Office of the Secretary of Commerce. The Economic Development Administration. The International Trade Administration. The United States Patent and Trademark Office. The National Institute of Standards and Technology. The Bureau of Industry and Security. Not fewer than 3 representatives of the private sector, including different industries representing the manufacturing sector, as the Secretary considers appropriate. Each task force established pursuant to paragraph
(1)shall— identify United States corporations with production or services located in a foreign country that are interested in repatriating goods or services production to the United States; identify the unique needs of each corporation described in subparagraph
(A)that are necessary to facilitate repatriation; advise and assist corporations described in subparagraph
(A)and State and local governments to promote and facilitate repatriation opportunities; act as an impartial advocate for all State and local governments choosing to compete for facilities or jobs being repatriated; to the maximum extent practicable, work with Federal agencies to provide the technical assistance necessary to corporations described in subparagraph
(A)and State and local governments to facilitate the repatriation of facilities or jobs to the United States; educate corporations described in subparagraph
(A)and State and local governments on— each task force established pursuant to paragraph (1); and all Federal assistance available to facilitate repatriation of facilities and jobs relating to the manufacturing and information technology sectors; identify Federal policies and regulations that— encourage the offshoring of United States manufacturing and information technology jobs or facilities; or that discourage repatriation of such jobs or facilities; and work closely with the President and relevant agencies to change the policies and regulations identified pursuant to subparagraph
(G)to discourage offshoring of United States manufacturing and traded services and to encourage the repatriation of manufacturing and services. In carrying out the requirements of this section, the Secretary shall, to the degree practicable, coordinate with any existing efforts to improve the competitiveness of the United States in the global economy and to strengthen the manufacturing and information technology-related sectors of the United States. In this section, the term high-value job has the meaning given the term in section 3(f).
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Sec. 5
Improvements to Federal efforts to support job creation in manufacturing and services sectors
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