Debbie Dingell Co-Leads Bill to Strengthen U.S. Manufacturing and Reduce China Dependence
Representative Debbie Dingell, alongside Reps. Ro Khanna and Tom Suozzi, has introduced the Industrial Bank for American Manufacturing Act. This legislation aims to bolster U.S. manufacturing and decrease reliance on Chinese imports by utilizing up to 50% of Section 301 tariff revenue from Chinese goods, capped at $15 billion annually, to fund domestic manufacturing projects. The bill seeks to prioritize communities affected by deindustrialization and enhance supply chain resilience, with conditions to prevent expansion in countries of concern.