A Democratic bill with no cosponsors
Last activity — 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.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +7
Is this likely to create jobs?
The Fund is specifically designed to create and retain high-quality jobs through strategic manufacturing investments.
- Scored +6
Does this cut taxes for middle-income families?
The bill establishes the Build America Dividend, which provides a tax credit for eligible individuals.
- Scored +6
Is this likely to grow the economy?
The bill seeks to rebuild industrial capacity and catalyze innovation in advanced manufacturing.
The opposite
- Scored -3
Would business owners be better off under this?
The bill imposes new fees on large mergers, acquisitions, and stock buybacks.
- Scored -2
Does this make trade with other countries easier?
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
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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)).
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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)).
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Tax Credits for Individuals: The Act establishes the "Build America Dividend," which provides a tax credit to eligible individuals (Section 6(a)).
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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
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Increased Corporate Tax Rates: The bill increases the corporate tax rate from 21 percent to 22 percent (Section 5(h)(1)).
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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)).
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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)).
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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)).
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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. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to create jobs? — The Fund is specifically designed to create and retain high-quality jobs through strategic manufacturing investments. Is this likely to grow the economy? — The bill seeks to rebuild industrial capacity and catalyze innovation in advanced manufacturing. Does this cut taxes for middle-income families? — The bill establishes the Build America Dividend, which provides a tax credit for eligible individuals. Does this make it easier to run a small business? — The Fund targets investment in small- and medium-size manufacturers and their development. Does this raise the taxes companies pay? — The bill increases the corporate tax rate from 21 percent to 22 percent to fund the Manufacturing Sovereign Wealth Fund.
- Demographic And Interest Groups
- Would union members be better off under this? — The bill promotes high-quality jobs with strong labor standards and protects the right to organize. Would middle-income households be better off under this? — The Build America Dividend provides tax credits for eligible individuals. Would households on low incomes be better off under this? — The Build America Dividend includes an income-based phaseout structure that benefits lower-income individuals. Would people in rural areas be better off under this? — The Fund aims to enhance regional development in areas adversely affected by deindustrialization. Would business owners be better off under this? — The bill imposes new fees on large mergers, acquisitions, and stock buybacks.
- Education And Technology
- Does this put more money into scientific research? — The Fund invests in research, automation, materials science, and process innovation. Does this make college cost less? — The bill supports workforce development through partnerships with technical education institutions and community colleges.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates a public transparency portal to list all investments made by the Fund.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The Build America Dividend provides a tax credit intended to benefit eligible individuals.
- Environment Energy And Infrastructure
- Does this better protect air, water and wildlife? — The Industrial Sovereignty Council is tasked with reviewing investments for alignment with climate and energy strategy.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — The bill imposes fees on offshoring and focuses on reducing dependence on foreign supply chains.
- 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