Build America Fund Act
The source supplies the latest action, but no lifecycle stage.
Latest action (27 Jul 2026): Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
The Build America Fund Act, introduced in the House of Representatives, proposes to establish a "Manufacturing Sovereign Wealth Fund." This fund would aim to rebuild U.S. industrial capacity, promote economic independence by reducing reliance on foreign supply chains, and spur innovation in advanced manufacturing. It would also focus on creating and retaining high-quality jobs and enhancing regional development.
The bill outlines that the Fund would make investments through equity stakes and loans/loan guarantees in specific sectors, including strategic manufacturing, technology and innovation, supply chain security, and workforce development. Investments would require companies to agree not to move or expand operations overseas for 50 years and to use proceeds for domestic projects. The Fund would be overseen by a Board of Governors with diverse representation, appointed by the President and confirmed by the Senate.
This bill has been introduced in the 119th Congress and referred to the House Committees on Financial Services and Ways and Means. No further action has been taken as of its introduction date. The next step in the legislative process would involve consideration by these committees.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
27 Jul 2026
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 9954 do?
- The Build America Fund Act, introduced in the House of Representatives, proposes to establish a "Manufacturing Sovereign Wealth Fund." This fund would aim to rebuild U.S. industrial capacity, promote economic independence by reducing reliance on foreign supply chains, and spur innovation in advanced manufacturing. It would also focus on creating and retaining high-quality jobs and enhancing regional development. The bill outlines that the Fund would make investments through equity stakes and loans/loan guarantees in specific sectors, including strategic manufacturing, technology and innovation, supply chain security, and workforce development. Investments would require companies to agree not to move or expand operations overseas for 50 years and to use proceeds for domestic projects. The Fund would be overseen by a Board of Governors with diverse representation, appointed by the President and confirmed by the Senate. This bill has been introduced in the 119th Congress and referred to the House Committees on Financial Services and Ways and Means. No further action has been taken as of its introduction date. The next step in the legislative process would involve consideration by these committees.
- Has H.R. 9954 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9954. Check the latest action and official source below.
- Who sponsored H.R. 9954?
- H.R. 9954 was sponsored by Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), with 0 cosponsors.
- What's the latest action on H.R. 9954?
- Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (27 Jul 2026).
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