Congress creates $100 billion fund to invest in U.S. manufacturing.
H.R. 9954 — Build America Fund Act · Filed by Chris Deluzio (D-PA) · Introduced Jul 27, 2026 · Referred to committee
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What it does
This bill sets up a Manufacturing Sovereign Wealth Fund. It has $100 billion to invest in U.S. companies. Companies that get money must keep jobs in America for 50 years. The Fund gets money from new taxes on mergers, stock trades, and corporate profits. Starting in 2032, some people get a tax credit called the Build America dividend.
Who it affects
Manufacturing companies and factory workers get affected. People who buy and sell stocks get affected. Everyday people may pay more taxes or see higher prices.
One thing to notice
Companies that take Fund money cannot move jobs overseas for 50 years. The tax credit does not start until 2032.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jul 27, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 27, 2026 — Referred to House Committee on Ways and Means and House Committee on Financial Services · Congress.gov: “Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- sovereign wealth fund — A big pool of government money that invests in companies to make profits.
- Build America dividend — A tax credit that gives money to people based on Fund profits.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (31,612 characters) on Aug 12, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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