# 119-hr-9912: Industrial Bank for American Manufacturing Act of 2026

119-hr-9912, Industrial Bank for American Manufacturing Act of 2026, is a 119th Congress bill sponsored by Rep. Khanna, Ro [D-CA-17] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-08-09).

- Canonical: https://policyrisk.com/legislation/119-hr-9912
- As of: 2026-08-09
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9912
- Congress: 119
- Title: Industrial Bank for American Manufacturing Act of 2026
- Status: introduced
- Introduced: 2026-07-23
- Sponsor: Rep. Khanna, Ro [D-CA-17] (D-CA)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-09

## Summary

**Would create an Industrial Bank for American Manufacturing** to provide loans, equity, and grants that aim to rebuild U.S. industrial capacity and commercialize critical technologies. It would be funded mainly by up to $15.0 billion a year from tariffs on certain imports from China and could also receive additional appropriations.

## Cosponsors (2)

- Rep. Dingell, Debbie [D-MI-6] (D-MI), 2026-07-23T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2026-07-23T00:00:00.000Z

## Provisions PRIA read

- Priority for green and local projects: benefit, high. This bill would require the Secretary to give priority to Fund awards for projects that lower greenhouse gas or other emissions intensity and improve production efficiency. Priority would also go to projects located in areas that lost at least 25% of manufacturing jobs from 2000–2023, projects with…
- Transparency and supply-chain reporting rules: benefit, medium. This bill would require a free, searchable public website listing each Fund award, including recipient, location, award type and amount, uses of funds, and jobs created or retained. The Commerce Secretary would also report to Congress on the Fund's effects not later than two years after establishme…
- New manufacturing bank and funding: mixed, high. This bill would create an Industrial Bank for American Manufacturing inside Treasury to make loans, equity investments, and grants to U.S. manufacturers. Each year up to $15 billion could be deposited into the Fund, mainly from up to 50% of section 301 tariffs on goods from the People’s Republic of…
- Worker pay, apprenticeship, and training: mixed, medium. This bill would require Fund recipients to follow Davis‑Bacon prevailing wage rules for covered construction work and repay any wage shortfalls. Employers who underpay must pay the shortfall plus $5,000 per affected worker; if the Secretary finds intentional disregard, restitution is tripled and th…
- Who can get Fund money: mixed, medium. This bill would require applicants to certify they have no outstanding tax liabilities, no pending civil or criminal actions, and no NLRB disputes. Applicants and recipients must also certify that no beneficial owner is a prohibited foreign entity, they are not organized in a foreign country of con…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-5356: National Infrastructure Bank Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7853: PrEP Access and Coverage Act of 2026

## Sources
- [119-hr-9912 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9912)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5356: National Infrastructure Bank Act of 2025](https://policyrisk.com/legislation/119-hr-5356)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9912 (as of 2026-08-09).