Sec. 12. Strategic Infrastructure Fund Working Group
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There is established a working group, to be known as the Strategic Infrastructure Fund Working Group (referred to in this section as the working group ). The working group shall be— led by a White House official, who may be the Assistant (if appointed), who shall serve as the White House focal point with respect to matters relating to the working group; and composed of— senior-level Federal officials, selected by the head of the applicable Federal agency or organization, from— the Department of State; the Department of the Treasury; the Department of Commerce; the Department of Energy; the Export-Import Bank of the United States; the United States International Development Finance Corporation; and the Nuclear Regulatory Commission; other senior-level Federal officials, selected by the head of the applicable Federal agency or organization, from any other Federal agency or organization that the Secretary determines to be appropriate; and any senior-level Federal official selected by the White House official described in paragraph
(1)from any Federal agency or organization. The working group shall report to the National Security Council. The working group shall— provide direction and advice to the officials described in section 3(a)(2)(A) and appropriate Federal agencies, as determined by the working group, with respect to the establishment of a Strategic Infrastructure Fund (referred to in this subsection as the Fund ) to be used— to support those aspects of projects relating to— civil nuclear technologies; rare earth elements and critical minerals (as defined in section 7002(a) of the Energy Act of 2020 ( 30 U.S.C. 1606(a) )); and microprocessors; and for strategic investments identified by the working group; and address critical areas in determining the appropriate design for the Fund, including— transfer of assets to the Fund; transfer of assets from the Fund; how assets in the Fund should be invested; and governance and implementation of the Fund. Not later than 1 year after the date of the enactment of this Act, the working group shall submit to the committees described in paragraph
(2)a report on the findings of the working group that includes suggested legislative text for how to establish and structure a Strategic Infrastructure Fund. The committees referred to in paragraph
(1)are— the Committee on Foreign Relations, the Committee on Commerce, Science, and Transportation, the Committee on Armed Services, the Committee on Energy and Natural Resources, the Committee on Environment and Public Works, and the Committee on Finance of the Senate; and the Committee on Foreign Affairs, the Committee on Energy and Commerce, the Committee on Armed Services, the Committee on Science, Space, and Technology, and the Committee on Ways and Means of the House of Representatives. The report submitted under paragraph
(1)shall include suggested legislative language requiring all expenditures from a Strategic Infrastructure Fund established in accordance with this section to be administered by the Secretary of State (or a designee of the Secretary of State).
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Sec. 12
Strategic Infrastructure Fund Working Group
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