S 1059
American Innovation and Manufacturing Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The American Innovation and Manufacturing Act establishes a financial assistance program within the Small Business Administration to support investment companies that finance small manufacturing businesses. This program, called the Small Business and Domestic Production Recovery Investment Facility, aims to bolster the resilience of the U.S. manufacturing supply chain. It provides financial assistance to participating investment companies, which in turn invest in eligible small businesses, with a focus on promoting domestic production and job creation. The bill also includes provisions to streamline the application process for new small business investment companies and allows for the purchase of bonds with equity features to further support these investments.
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Primary sponsor
Marco Rubio
Cosponsor
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