Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing

Ro Khanna and other Democratic lawmakers have introduced a bill to create a new federal bank, funded by tariff revenue from China. The Guardian reports the bank would support smaller businesses with grants, loans, and investments to strengthen domestic manufacturing, with up to fifteen billion dollars available annually. The effort is being described as the boldest reindustrialization push since World War Two, targeting the country's industrial regions.

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