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HR 2991 98th Congress House

National Industrial Strategy Act

Official title: A bill to promote industrial revitalization in the United States by establishing an Economic Cooperation Council which will collect and analyze economic data a… Show full official titleShow less

Official title: A bill to promote industrial revitalization in the United States by establishing an Economic Cooperation Council which will collect and analyze economic data and make recommendations regarding actions which can be taken to improve the competitiveness and economic vitality of United States industries and by establishing the National Industrial Development Bank which will assist in providing financing for the long-term development of United States industries.

Introduced: July 19, 1983 See on congress.gov
Economics and Public Finance Advisory bodiesBusiness and commerceCorporations and StocksDevelopment credit institutions
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Federal advisory bodiesFinance and Financial SectorGovernment and businessGovernment corporationsNational growth policy
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 1983
Referred to Subcommittee on Economic Stabilization.
May 12, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
May 12, 1983
Introduced in House
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 Latest action May 16, 1983

Referred to Subcommittee on Economic Stabilization.

 Plain-English summary Congressional Research Service

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.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2
D
Kaptur, Marcy
Ohio · Jul 19, 1983
 D
Schumer, Charles E.
New York · Jun 16, 1983
GEPHARDT, RICHARD
· May 12, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2991: National Industrial Strategy Act. 98th Congress. Open America. https://openamerica.io/bill/98-HR-2991/
MLA
"H.R. 2991: National Industrial Strategy Act." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-2991/.
Bluebook (legal)
H.R. 2991, 98th Cong. (2026), https://openamerica.io/bill/98-HR-2991/.
Markdown link
[H.R. 2991: National Industrial Strategy Act](https://openamerica.io/bill/98-HR-2991/)
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