Sec. 412. Functions
547 words·~2 min read·
/bill/117/hr/4497/ih/section-412A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The NIA’s mission shall be to design, finance, and implement a coherent and dynamic program of long-term national economic growth and development that is— structurally and geographically balanced; environmentally sustainable; socially equitable; and in line with the strategic goals and national interests of the United States. In fulfilling its mission under paragraph (1), the NIA shall have the principal goals of the following: Eliminating unemployment, underemployment, and poverty.
Ensuring universal access to essential goods and services. Prioritizing the communities in greatest need. Remediating and eliminating threats to communities arising from toxic water, land and air pollution, unsustainable resource use, and climate change. Prioritizing environmental justice hotspots and bolstering climate and environmental resilience. Reducing greenhouse gas emissions in line with the recommendations of the Intergovernmental Panel on Climate Change. Increasing domestic manufacturing capacity and ensuring U.S. competitiveness in line with the foregoing.
In pursuit of the NIA’s mission, the Governing Board shall formulate, regularly update, and implement a forward-looking National Investment Strategy that mobilizes, amplifies, and coordinates investment of public and private capital, over different time horizons, in— equitable, inclusive, structurally balanced, and environmentally sustainable growth of the U.S. economy; long-term development of domestic productive and manufacturing capacity; creation of sustainable and well-paying domestic jobs; universal availability of high-quality Critical Public Infrastructure; elimination of gaps in the quality of life and well-being of ethnic and racial groups, as well as among geographic regions and communities; broad and equitable access to affordable housing; transition to a low-carbon emissions economy; technology development in support of national goals; and such other goals as the Governing Board may determine.
The Governing Board shall— establish rules governing the operations of the NIA Operating Subsidiaries; monitor the compliance of the NIA Operating Subsidiaries with the rules established under paragraph
(1)and the provisions of this title; supervise the implementation of the National Investment Strategy by the NIA Operating Subsidiaries; and develop consistent policies and procedures for the NIA Operating Subsidiaries with respect to project selection and performance, consistent with section 415 and the other provisions of this title, including— labor, equity, and environmental criteria to be used in the project-selection process and in the implementation of projects; project selection procedures; and the community engagement process in project selection. The Governing Board shall establish rules and procedures establishing the structure and governing the operation of the NIA regional offices. The Governing Board shall— conduct, fund, coordinate, and otherwise support academic research and development of technology and scientific knowledge consistent with and beneficial to the National Investment Strategy; maintain regular and effective channels of communication and public outreach, especially with respect to communities in areas where the NIA conducts or plans to conduct its operations; provide technical assistance to public and private entities, community groups, and individuals participating or intending to participate in the NIA project selection process; ensure compliance with the relevant project selection criteria and all other applicable requirements of this title and the Governing Board; collect, study, and publicize data relating to investments by the NIA and NIA Operating Subsidiaries and the impact of such investments on economic growth, sustainability, inclusivity, and other measures of the nation’s well-being; and perform any additional functions determined necessary or useful in order to support or enhance the NIA’s ability to fulfill its mission under this title.