H.R. 5124 · 117th Congress
Manufacturing Reinvestment Corporation Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SchakowskySponsor6 cosponsors · 6 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes the Manufacturing Reinvestment Corporation within the Department of Commerce.
What it does: CRS summary · Introduced in House · Aug 27, 2021
Manufacturing Reinvestment Corporation Act
This bill establishes the Manufacturing Reinvestment Corporation within the Department of Commerce.
The corporation must set national strategic objectives for the manufacturing industry with an emphasis on equity and inclusion. Based on specified criteria, the corporation also must establish and make grants to 30 local Manufacturing Renaissance Councils to support the corporation's objectives. Each council must have a governing board comprised of at least nine members, which include community stakeholder organizations, local governments, educational institutions, and manufacturing companies. Each council must use grants from the corporation for economic development programs in the community, education and training, and wraparound services such as child care and mental health services.
Additionally, the bill provides for the composition of the corporation's board of directors as well as the appointment of an executive director and other employees. The corporation must report annually about its national strategy and finances. The bill requires financial audits of the corporation and of each grantee and contractor.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Manufacturing Reinvestment Corporation Act
Latest action (Sep 14, 2021): Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Policy area: Commerce · Origin: House · Introduced: Aug 27, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.