Establishing the United States Investment Accelerator
1. Purpose
The initiative aims to streamline and promote investments exceeding $1 billion in the U.S. by simplifying regulatory navigation, reducing burdens, and collaborating with state authorities to bolster economic growth.
2. Key Actions And Directives
- Formation of the Investment Accelerator: Establish the United States Investment Accelerator within 30 days of the executive order.
- Leadership Appointment: Appoint an Executive Director and determine the necessary staffing for operations as per the Secretary of Commerce's direction.
- Oversight of CHIPS Program Office: Assume responsibility for the CHIPS Program Office under the Department of Commerce.
- Regulatory Burden Reduction: Implement measures to ease regulatory processes for substantial domestic and foreign investments.
- Identification of Legal Mechanisms: Locate existing federal laws and resources that can support both domestic and foreign investment.
3. Important Points
- Purpose of Investment Accelerator: To accelerate investments in the U.S. economy by providing support and guidance for large-scale investors.
- Leadership Structure: An Executive Director will lead the Investment Accelerator to ensure operational effectiveness.
- Policy Aim: To modernize investment processes for enhanced economic prosperity in the U.S.
- Establishment Deadline: The Investment Accelerator must be operational within 30 days of the order.
- Impact on Existing Laws: The order does not alter existing legal authorities or rights granted to executive departments.
- No Legal Rights Granted: The order does not create enforceable rights or benefits against the United States.
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