Independence Investment Fund Act establishes a fund to invest in U.S. companies developing critical and emerging technologies.

The Independence Investment Fund Act establishes an Independence Investment Fund within the Department of the Treasury to invest in U.S. companies developing critical and emerging technologies, such as biotechnology, that enhance national security and economic security. The Secretary of the Treasury selects a managing entity to oversee the fund, which makes seed to mid-stage equity investments in U.S. technology companies. The fund prioritizes biotechnology and avoids investments in foreign entities of concern.

Independence Investment Fund Act establishes a fund to invest in U.S. companies developing critical and emerging technologies.

The Independence Investment Fund Act establishes an Independence Investment Fund within the Department of the Treasury to invest in U.S. companies developing critical and emerging technologies, such as biotechnology, that enhance national security and economic security. The Secretary of the Treasury selects a managing entity to oversee the fund, which makes seed to mid-stage equity investments in U.S. technology companies. The fund prioritizes biotechnology and avoids investments in foreign entities of concern.