Manufacturing for Our Future Act of 2021

Manufacturing for Our Future Act of 2021

This bill requires the Department of Energy (DOE) to establish a clean energy manufacturing grant program. Under the program, DOE must award grants to manufacturers for (1) projects to reequip, expand, or establish a facility for the manufacture of clean energy systems (e.g., renewable energy technology); (2) projects to retrofit or convert a facility to enable it to manufacture zero- or low-emission energy-intensive industrial products; and (3) engineering design studies for such retrofit or conversion projects.

A zero- or low-emission energy-intensive industrial product means a product the production of which results in significantly less greenhouse gas emissions relative to the production of similar products. The products must also fall in manufacturing categories that are energy-intensive or difficult-to-decarbonize.

The Manufacturing for Our Future Act of 2021, also known as Bill 117 HR 2263, is a piece of legislation introduced in the US Congress with the goal of supporting and revitalizing the manufacturing sector in the United States. The bill aims to promote innovation, job creation, and economic growth within the manufacturing industry.

Key provisions of the bill include:

1. Establishing a Manufacturing Investment Fund to provide financial assistance to manufacturers for research and development, workforce training, and infrastructure improvements. 2. Creating a Manufacturing Advisory Board to advise the government on policies and initiatives to support the manufacturing sector. 3. Implementing tax incentives and credits for manufacturers to encourage investment and expansion. 4. Strengthening partnerships between manufacturers, educational institutions, and government agencies to promote workforce development and skills training. 5. Enhancing trade policies to support American manufacturers and protect against unfair competition from foreign markets. Overall, the Manufacturing for Our Future Act of 2021 aims to boost the competitiveness and sustainability of the manufacturing industry in the United States, with the ultimate goal of creating more jobs, driving economic growth, and fostering innovation.