Establishes the Industrial Bank for American Manufacturing to support U.S. manufacturers in expanding and modernizing operations.

The Industrial Bank for American Manufacturing Act of 2026 establishes a fund within the Department of Commerce to provide loans, equity investments, and grants to U.S. manufacturers. The fund aims to support expansion, modernization, and improvements in critical and emerging technologies. Covered manufacturers must commit to various conditions, including adhering to prevailing wage requirements, apprenticeship programs, and prohibiting certain activities like repurchasing shares or licensing technologies to foreign entities.

Establishes the Industrial Bank for American Manufacturing to support U.S. manufacturers in expanding and modernizing operations.

The Industrial Bank for American Manufacturing Act of 2026 establishes a fund within the Department of Commerce to provide loans, equity investments, and grants to U.S. manufacturers. The fund aims to support expansion, modernization, and improvements in critical and emerging technologies. Covered manufacturers must commit to various conditions, including adhering to prevailing wage requirements, apprenticeship programs, and prohibiting certain activities like repurchasing shares or licensing technologies to foreign entities.