Bill Overview
Title: National Development Strategy and Coordination Act of 2022
Description: This bill establishes the Interagency Committee for the Coordination of National Development Financing Programs within the Executive Office of the President. The committee must develop a national strategy to (1) address vulnerabilities in the domestic supply chains of critical industries, (2) strengthen U.S. industrial and manufacturing capabilities, and (3) support targeted job growth and economic development. The bill authorizes the Federal Financing Bank to provide financing assistance to carry out certain directives made by the committee.
Sponsors: Rep. Khanna, Ro [D-CA-17]
Target Audience
Population: People employed or seeking employment in US industrial and manufacturing sectors
Estimated Size: 5000000
- The bill focuses on strengthening US industrial and manufacturing capabilities, which implies more job opportunities in these sectors.
- Individuals working in or seeking employment in US industrial and manufacturing sectors will be impacted by the strategic development.
- The bill's emphasis on addressing vulnerabilities in domestic supply chains suggests involvement of a broad range of sectors including logistics, raw material supply, and technology.
- Economic development initiatives would have a broader impact on those in economically disadvantaged areas targeted by the bill.
- The Federal Financing Bank's provision of financing assistance will influence businesses and industries receiving the funds to comply with the directives.
Reasoning
- Focus is on industries like manufacturing, logistics, and technology, which are critical in the U.S.
- The enhancement of supply chains could lead to more stable employment.
- Economic development initiatives may target some underserved or economically disadvantaged regions.
- The $3 billion budget over 10 years allows for significant but not limitless impact.
- Individuals in small businesses might see indirect benefits through improved economic conditions.
Simulated Interviews
Factory Worker (Detroit, MI)
Age: 45 | Gender: male
Wellbeing Before Policy: 4
Duration of Impact: 20.0 years
Commonness: 15/20
Statement of Opinion:
- The policy seems promising for the manufacturing sector. If it brings more stability or growth to the factory where I work, it could secure my job.
- I'm hopeful for better job security and maybe even a pay raise.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 4 |
| Year 2 | 6 | 4 |
| Year 3 | 7 | 4 |
| Year 5 | 7 | 3 |
| Year 10 | 8 | 3 |
| Year 20 | 8 | 2 |
Supply Chain Analyst (Houston, TX)
Age: 29 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 10/20
Statement of Opinion:
- This bill could mean more permanent jobs in my field.
- I'm optimistic about career growth opportunities.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 5 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 4 |
Retired Steel Worker (Pittsburgh, PA)
Age: 58 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 12/20
Statement of Opinion:
- It's nice to see a push for manufacturing jobs. Maybe it helps my younger relatives.
- I'm retired, so direct impact is minimal, but a better economy helps everyone.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 6 | 4 |
| Year 20 | 5 | 3 |
Tech Startup Founder (San Jose, CA)
Age: 34 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 7/20
Statement of Opinion:
- The focus on supply chains aligns with my company’s vision. This policy could attract more investors.
- I'm cautiously optimistic; the right funding could accelerate growth.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 9 | 6 |
| Year 20 | 8 | 6 |
Unemployed (Rural Kentucky)
Age: 50 | Gender: female
Wellbeing Before Policy: 3
Duration of Impact: 20.0 years
Commonness: 8/20
Statement of Opinion:
- If this policy brings jobs back to my area, it could be life-changing.
- It's hard to be hopeful, but I want to believe things can get better.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 4 | 3 |
| Year 2 | 5 | 3 |
| Year 3 | 6 | 3 |
| Year 5 | 7 | 2 |
| Year 10 | 8 | 2 |
| Year 20 | 8 | 1 |
Logistics Manager (Chicago, IL)
Age: 40 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 15.0 years
Commonness: 18/20
Statement of Opinion:
- Improved supply chains should help my industry significantly.
- I hope this policy also considers the human side of things, given automation trends.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 4 |
Community Organizer (Baltimore, MD)
Age: 62 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 20.0 years
Commonness: 6/20
Statement of Opinion:
- The funding might help job training initiatives in struggling areas.
- It could empower local communities economically, which is crucial.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 8 | 4 |
| Year 20 | 8 | 3 |
Unemployed Recent Graduate (Phoenix, AZ)
Age: 25 | Gender: male
Wellbeing Before Policy: 4
Duration of Impact: 10.0 years
Commonness: 11/20
Statement of Opinion:
- I'm desperate for work, and this policy gives me some hope.
- If jobs open up, I can start planning my future again.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 4 |
| Year 2 | 6 | 4 |
| Year 3 | 6 | 4 |
| Year 5 | 7 | 4 |
| Year 10 | 8 | 3 |
| Year 20 | 7 | 2 |
Eco-friendly Manufacturer (Seattle, WA)
Age: 38 | Gender: other
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 3/20
Statement of Opinion:
- Concerned about environmental impact; I hope sustainability is considered.
- The potential for growth in manufacturing might be a double-edged sword for small eco-friendly businesses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 5 | 6 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 4 |
High School Teacher (Buffalo, NY)
Age: 47 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 14/20
Statement of Opinion:
- Educating students about such policies is important.
- I'm curious about the real long-term effects on our local industries.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 4 |
Cost Estimates
Year 1: $300000000 (Low: $250000000, High: $350000000)
Year 2: $300000000 (Low: $250000000, High: $350000000)
Year 3: $300000000 (Low: $250000000, High: $350000000)
Year 5: $300000000 (Low: $250000000, High: $350000000)
Year 10: $300000000 (Low: $250000000, High: $350000000)
Year 100: $0 (Low: $0, High: $0)
Key Considerations
- The effectiveness of interagency coordination and the committee's strategy will be crucial to realizing potential benefits.
- The scale and targeting of financing from the Federal Financing Bank will determine the reach and impact of the initiatives.
- Uncertainty in economic conditions and global markets may influence the outcomes of strategic industrial and economic development actions.