MANUFACTURING AND INDUSTRIAL INNOVATION POLICY ACT

Introduced in the House of Representatives on March 22, 2023, by Rep. Marcy Kaptur, H.R. 1710, known as the Office of Manufacturing and Industrial Innovation Policy Act of 2023, proposes the creation of the Office of Manufacturing and Industrial Innovation Policy within the Executive Office of the President. The primary objective of this office is to develop a strategic national manufacturing policy, provide expert advice to the President, and ensure the United States maintains global leadership in critical manufacturing sectors essential to the nation’s economic health and national security.

For American manufacturers and businesses, the establishment of this office signifies a concerted federal effort to bolster the manufacturing sector through coordinated policy planning and implementation. By providing a centralized source of manufacturing expertise, the office aims to enhance the competitiveness of U.S. industries in the global market.

The bill also proposes the creation of the President’s Advisory Committee on Manufacturing and Industrial Innovation, which would facilitate regular communication between the federal government and the U.S. manufacturing sector, including significant engagement with representatives from small and medium-sized enterprises. This initiative is expected to ensure that diverse industry perspectives are considered in policy development, fostering an inclusive approach to strengthening the manufacturing landscape.

In summary, H.R. 1710 seeks to reinforce American manufacturing by establishing a dedicated office to develop strategic policies, provide high-level advice, and promote collaboration between the government and industry stakeholders, thereby enhancing the nation’s economic resilience and global competitiveness.

Source:

• https://www.congress.gov/bill/118th-congress/house-bill/1710