National Industrial Strategy Act

Summary

National Industrial Strategy Act - Title I: Economic Cooperation Council - Establishes the Economic Cooperation Council to collect and analyze economic data and, upon request to make recommendations to Congress, Federal departments and agencies, and the National Industrial Development Bank (established by this Act) regarding national industrial policy and sectoral strategies. Requires the Council, within one year after enactment, to report to Congress and the President its recommendations for changes in any Federal policy necessary to implement an effective national industrial strategy. Exempts the Council from the provisions of the Federal Advisory Committee Act. Establishes within the Council a Bureau of Economic Information and a Bureau of Economic Analysis. Requires the Council to send annual reports to the President, Congress, and the National Industrial Development Bank about the major industrial development priorities of the United States and the policies needed to meet them. Authorizes appropriations. Title II: National Industrial Development Bank - Establishes the National Industrial Development Bank to make loans and loan guaranties and to issue debt instruments in such a way as to improve the overall economic goals of the Nation and broad public interest. Sets forth general provisions regarding the issuance of financial assistance. Directs the Bank to provide financial assistance to those mature and linkage industries which can be restructured to become competitively successful in the long term. Requires such a company to submit a plan to the Bank which demonstrates that it will be viable in the long run without additional Federal financial assistance. Authorizes financial assistance to develop and market new technologies and to aid in the growth of emerging industries. Authorizes financial assistance to regional development banks. Requires annual reports to Congress. Terminates the Bank on September 30, 1989. Authorizes appropriations.

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1 official file

• Introduced in House

  summary · EN · 12 May 1983

  Open at official source

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