H.R. 9912 explained · 119th Congress · Pending in Congress
Industrial Bank for American Manufacturing Act of 2026
Cosponsors: 2 (2 D, 0 R) · per Congress.gov, 2026-10-15
Introduced: 2026-07-23
Latest action (2026-07-23): Referred to the House Committee on Financial Services.
What H.R. 9912 does, in plain terms
The Congressional Research Service has not published a summary of H.R. 9912 yet. Its official title: “Industrial Bank for American Manufacturing Act of 2026”.
Constitution Index
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H.R. 9912 has not been graded yet. New measures with an official summary are graded daily under the published rubric.
The Framers
“Founders’ Verdict”
Confidence 0.50
Archived SI output (machine-generated)No editorial review recorded. This historical SI verdict was machine-generated by software and predates the review desk; check it against the official bill text.
Synthesis
The Founders are divided 2-2 on the constitutionality of this bill. Hamilton and Marshall argue it is a valid exercise of Congress's commerce and spending powers, with Marshall citing the Necessary and Proper Clause to support the program as a means to promote interstate commerce and national prosperity. Madison and Jefferson contend it exceeds enumerated powers, violates the Tenth Amendment, and encroaches on state authority. The conditional nature reflects that the bill's constitutionality depends on a strict nexus to an enumerated power, such as regulating interstate commerce or providing for the general welfare, and on avoiding overreach into reserved state powers.
This bill, which establishes a program within the Department of Commerce to support critical and emerging technologies, is a constitutional exercise of federal power. The Constitution grants Congress the power to regulate commerce with foreign nations and among the several states (Article I, Section 8, Clause 3). Supporting domestic operations in critical technologies directly relates to interstate and international commerce, as such technologies are integral to trade and economic competitiveness. Additionally, Congress may spend for the general welfare (Article I, Section 8, Clause 1), and pr…
This bill proposes to establish a federal program within the Department of Commerce to support expansion and modernization of critical technologies. The Constitution grants Congress only enumerated powers, and the Tenth Amendment reserves all powers not delegated to the United States to the States or the people. There is no express constitutional authority for the federal government to create such a general industrial policy or to fund private technology operations. The General Welfare Clause (Article I, Section 8, Clause 1) is limited to purposes truly national and common, not to the promotio…
The bill establishes a program within the Department of Commerce to support private expansion and modernization of critical technologies. This exceeds Congress's enumerated powers, as it is not a regulation of interstate commerce but a direct subsidy to specific industries, nor is it clearly tied to the general welfare as required by the spending power. The Constitution delegates only limited and defined powers to the federal government (Federalist No. 45), and such a program encroaches on the authority reserved to the states.
This bill, which establishes a program within the Department of Commerce to support the expansion and modernization of critical and emerging technologies operations within the United States, is a constitutional exercise of the legislative power. The Constitution vests Congress with the authority to regulate commerce among the several states, and the promotion of technologies that are inherently interstate in nature falls within this sphere. Moreover, the Necessary and Proper Clause empowers Congress to create all laws which shall be necessary and proper for carrying into execution its enumerat…
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