Sec. 102. Establishment of Corporation
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/bill/117/s/2662/is/section-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established within the executive branch of the Federal Government the Industrial Finance Corporation of the United States. Section 9101(3) of title 31, United States Code, is amended by adding at the end the following: the Industrial Finance Corporation of the United States. . It shall be the policy of the Corporation to— provide support to ensure resilient supply chains in industries that are critical to— the national security of the United States; the economic competitiveness of the United States; and the maintenance of a strong manufacturing base in the United States; provide support to manufacturing in the United States, which is crucial to— growing the economy of the United States; providing good jobs and manufacturing skills training to workers in the United States; and ensuring the economic and national security of the United States; provide support to industries that are critical to ensuring that companies in the United States commercialize products on the technological frontier of production across a wide array of goods and industries, including by helping vital technologies (and products that use those technologies) make the transition from universities and labs to commercial success, including— technologies and products with civilian and military applications, including applications described in section 101(5); and other technologies that enhance the influence of the United States through exportation to other countries; restore the entrepreneurial dynamism of the economy of the United States by supporting the growth of small- and medium-sized businesses with not more than 500 employees— that support, or are capable of supporting, the growth of the industries and products described in paragraph
(3)as contractors or customers, especially in sectors such as manufacturing that compete in an international marketplace; with innovative potential to increase the productivity and economic development of the United States; and that are— located in regions of the United States that have historically suffered from low access to capital; or owned by an individual who is a member of a demographic group that has historically suffered from low access to capital; and provide support to critical industries that are vulnerable to systematic patterns of underinvestment, import competition, and targeted industrial policies from foreign nations, in order to— ensure that those industries preserve and ideally expand production capacity for consumers of those industries; and invest in strategies to promote the deployment of more advanced technologies. In providing support under title II, the Corporation shall ensure that the support furthers not less than 1 policy described in subsection (c).