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: Sen. Rubio, Marco [R-FL]
Target Audience
Population: Individuals associated with U.S. domestic supply chains, industrial sectors, and economic development initiatives.
Estimated Size: 80000000
- The bill focuses on domestic supply chains, industrial manufacturing, and economic development, which directly affects the workforce within these sectors.
- Supply chain improvements and job growth initiatives target workers in critical industries, including those in manufacturing, logistics, and related fields.
- Economic development plans typically impact a wide array of industries, indirectly affecting any business that is part of a supply chain or industrial ecosystem.
- Establishing a financing mechanism for directives suggests that new business projects and expansions will occur, impacting communities by potentially altering local economies.
- The broader national strategy might affect consumers through changes in product availability and potentially pricing, depending on how the interventions alter supply chain efficiencies.
Reasoning
- The policy tends to impact individuals who are part of the manufacturing, supply chain, and economic development sectors, either directly through job creation or indirectly through supply chain improvements.
- A broad array of individuals, from factory workers and industrial managers to logistics coordinators and entrepreneurs, are likely to be affected.
- Changes in supply chains could improve efficiency and security, potentially leading to job stability and growth within these sectors.
- Economic development is a key factor that can alter local economies by introducing new business opportunities and enhancing the industrial landscape.
- Some segments of the population, such as those not in critical industries, might not feel a direct impact from the policy.
Simulated Interviews
Factory Worker (Detroit, MI)
Age: 40 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 15/20
Statement of Opinion:
- This policy is essential for protecting jobs like mine, especially with the global competition.
- I'm hopeful that it will stabilize and potentially grow our local industry.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 4 |
| Year 3 | 7 | 4 |
| Year 5 | 7 | 3 |
| Year 10 | 7 | 3 |
| Year 20 | 6 | 2 |
Logistics Coordinator (Los Angeles, CA)
Age: 30 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 10/20
Statement of Opinion:
- It sounds like this could really streamline processes in my field.
- I hope it leads to job security for us in logistics.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 5 |
| Year 5 | 8 | 5 |
| Year 10 | 9 | 4 |
| Year 20 | 8 | 3 |
Small Business Owner (Houston, TX)
Age: 50 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 20.0 years
Commonness: 12/20
Statement of Opinion:
- I believe this approach will help resolve supply issues that have plagued us.
- Improving domestic manufacturing can only benefit my business.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 4 |
| Year 3 | 7 | 3 |
| Year 5 | 8 | 3 |
| Year 10 | 9 | 2 |
| Year 20 | 9 | 2 |
Software Engineer (Portland, OR)
Age: 28 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 13/20
Statement of Opinion:
- While this isn't directly in my field, improved industrial systems could boost my work indirectly.
- I'm curious to see if this affects demand for our software.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 8 | 6 |
| Year 20 | 7 | 6 |
Student (Raleigh, NC)
Age: 22 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 16/20
Statement of Opinion:
- This policy could open up more job opportunities in my field after graduation.
- It's exciting to see national focus on industrial growth.
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 | 9 | 5 |
| Year 20 | 9 | 5 |
Manufacturing Plant Manager (Cleveland, OH)
Age: 45 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 20.0 years
Commonness: 14/20
Statement of Opinion:
- Policies like these are crucial for maintaining competitive manufacturing sectors in America.
- Strengthening supply chains would greatly ease operational pressures.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 4 |
| Year 10 | 8 | 4 |
| Year 20 | 8 | 3 |
Retired (Phoenix, AZ)
Age: 62 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 0.0 years
Commonness: 13/20
Statement of Opinion:
- I think it's a step in the right direction for U.S. industry, even if it doesn't affect me directly now.
- National strategies like this could have really benefitted my industry when I was working.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Retail Manager (Chicago, IL)
Age: 33 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 15/20
Statement of Opinion:
- This seems more focused on heavy industries, but indirect effects might trickle down to retail.
- Better supply chains could improve stock levels and reduce shortages.
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 | 7 | 6 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 5 |
Tech Entrepreneur (San Francisco, CA)
Age: 35 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 9/20
Statement of Opinion:
- This policy might spark more interest in AI solutions like ours.
- I'm optimistic about new opportunities for growth.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 6 |
| Year 10 | 9 | 6 |
| Year 20 | 9 | 5 |
Finance Analyst (New York, NY)
Age: 25 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 12/20
Statement of Opinion:
- This seems promising for the industrial sector.
- I'm interested in how this will affect investment 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 | 7 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 7 | 5 |
Cost Estimates
Year 1: $1250000000 (Low: $1000000000, High: $1500000000)
Year 2: $1225000000 (Low: $975000000, High: $1475000000)
Year 3: $1200000000 (Low: $950000000, High: $1450000000)
Year 5: $1100000000 (Low: $900000000, High: $1300000000)
Year 10: $1000000000 (Low: $800000000, High: $1200000000)
Year 100: $500000000 (Low: $300000000, High: $700000000)
Key Considerations
- The bill's success hinges on effective interagency coordination and execution.
- Economic impact depends heavily on the scale and effectiveness of the implemented projects.
- Long-term industrial competitiveness requires sustained efforts beyond initial investments.