How to Centralize National Redevelopment Permitting: The Expedited National Reconstruction Permitting Act of 2023

After three decades of relentless (a) offshoring of its manufacturing capacity and (b) deterioration of its essential infrastructures, the U.S. at long last is embarked on a grand national project of industrial and infrastructural renewal. Enactments including the Inflation Reduction Act and the CHIPS & Science Act include massive subsidies, tax abatements, and other inducements to investments in and purchases from what are expected to be the next generation of globally dominant industries.

Meanwhile, the author’s recently introduced National Development Strategy and Coordination Act (NDSCA), cosponsored by one House Democrat and one Senate Republican, reconfigures the White House Cabinet and the Federal Financing Bank (FFB) within Treasury to act as a coordinating body and central financing arm, respectively, assigned the tasks of (a) preventing inefficient duplications of efforts and (b) identifying regional and sectoral gaps in the national reconstruction effort.