Bill · H.R. 9954· House(119-HR-9954)
Build America Fund Act
- Introduced
- 7/27/2026
- Last activity
- 7/27/2026 — 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.
- Sponsored by
- Christopher Deluzio
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Build America Fund Act establishes the Manufacturing Sovereign Wealth Fund to rebuild industrial capacity and promote economic sovereignty. This Fund aims to catalyze innovation, create high-quality jobs, and enhance regional development through strategic investments. The Fund is managed by a 13-member Board of Governors appointed by the President. Investment areas include strategic manufacturing, technology, supply chain security, and workforce development. The Act provides significant initial funding through federal appropriations and various specialized fees. Additionally, it creates an Industrial Sovereignty Council to align investments with national security and economic strategies.
Yes· 3 of 14
Is this likely to create jobs?+7
The Fund is specifically designed to create and retain high-quality jobs through strategic manufacturing investments.
Does this cut taxes for middle-income families?+6
The bill establishes the Build America Dividend, which provides a tax credit for eligible individuals.
Is this likely to grow the economy?+6
The bill seeks to rebuild industrial capacity and catalyze innovation in advanced manufacturing.
The opposite
Would business owners be better off under this?-3
The bill imposes new fees on large mergers, acquisitions, and stock buybacks.
Does this make trade with other countries easier?-2
The bill imposes fees on offshoring and focuses on reducing dependence on foreign supply chains.
Who it would affect, and how
Potential Positive Impacts for People
-
Job Creation and Retention: The Fund aims to create and retain high-quality jobs by supporting projects that offer strong wages, training, and labor standards (Section 2(b)(4)).
-
Economic and Regional Revitalization: The Fund is designed to invest in areas negatively impacted by deindustrialization and economic decline to strengthen local manufacturing ecosystems (Section 2(b)(6)).
-
Tax Credits for Individuals: The Act establishes the "Build America Dividend," which provides a tax credit to eligible individuals (Section 6(a)).
-
Increased Workforce Development: The Fund supports workforce development by partnering with technical education institutions, labor organizations, and community colleges (Section 2(b)(4) and Section 3(e)(1)(A)(iv)).
Potential Negative Impacts for People
-
Increased Corporate Tax Rates: The bill increases the corporate tax rate from 21 percent to 22 percent (Section 5(h)(1)).
-
New Fees on Business Transactions: Companies engaging in large mergers or acquisitions of over $1,000,000,000 will be required to pay a fee equal to 1 percent of the transaction value (Section 5(d)(1)).
-
New Fees on High-Volume Traders: Individuals selling more than $1,000,000 worth of equity securities in a single year will be subject to a fee of 0.1 percent of the sale value (Section 5(e)(1)).
-
New Fees on Stock Buybacks: Issuers that purchase their own equity securities will be required to pay a fee of $100 for each such purchase (Section 5(f)(1)).
-
Penalties for Offshoring: Companies in specific manufacturing sectors with high annual revenue may be required to pay a fee if they carry out offshoring (Section 5(g)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Increases Job Creation+7Improves Economic Growth+6Reduces Middle Class Taxes+6Improves Small Business Support+5Increases Corporate Taxes+5
- Demographic And Interest Groups
- Good For Union Workers+6Good For Middle Class Households+5Good For Low Income Households+4Good For Rural Residents+4Good For Business Owners-3
- Education And Technology
- Increases Scientific Research Funding+5Improves College Affordability+3
- Governance And Ideology
- Improves Government Transparency+4
- Social Issues And Justice
- Improves Poverty Reduction+3
- Environment Energy And Infrastructure
- Improves Environmental Protections+2
- National Security And Foreign Policy
- Improves International Trade-2
- 7/27/2026
- 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.
- Introduced in House