Establishes the Manufacturing Sovereign Wealth Fund to invest in domestic manufacturing and technology sectors.

The Build America Fund Act establishes the Manufacturing Sovereign Wealth Fund to invest in domestic manufacturing and technology sectors. The Fund aims to rebuild industrial capacity, promote economic sovereignty, and create high-quality jobs. Investments are restricted to companies headquartered in the U.S. and not controlled by foreign entities. The Fund imposes fees on companies that offshore operations or engage in certain transactions. The Act also establishes the Industrial Sovereignty Council to coordinate industrial policy and advises on national priorities.

Establishes the Manufacturing Sovereign Wealth Fund to invest in domestic manufacturing and technology sectors.

The Build America Fund Act establishes the Manufacturing Sovereign Wealth Fund to invest in domestic manufacturing and technology sectors. The Fund aims to rebuild industrial capacity, promote economic sovereignty, and create high-quality jobs. Investments are restricted to companies headquartered in the U.S. and not controlled by foreign entities. The Fund imposes fees on companies that offshore operations or engage in certain transactions. The Act also establishes the Industrial Sovereignty Council to coordinate industrial policy and advises on national priorities.