Today, he also announced his new legislation, the Make More In America Act, which will expand American manufacturing capacity in industries like microelectronics and battery manufacturing, critical to protecting national supply chains, driving down the cost of everyday products, and supporting the Southern Tier economy.
Expand American manufacturing capacity in critical industries such as microelectronics and batteries through the Make More in America Act, including Export-Import Bank financing and support for U.S. manufacturing facilities.
Occurrences
Evidence
EXIM announced it was expanding the Make More in America Initiative with equipment financing for U.S. small and medium-sized manufacturers, including lender guarantees up to 90% on equipment loans and operating leases to lower borrowing costs and help manufacturers expand operations and domestic production.
EXIM said its Board approved a direct loan of up to $10 billion for Project Vault, a public-private U.S. Strategic Critical Minerals Reserve intended to store essential raw materials, support domestic manufacturers from supply shocks, and support U.S. production and processing of critical raw materials.
EXIM identified a Make More in America transaction involving a requested $185 million direct loan for CesiumAstro to purchase a new U.S. commercial manufacturing facility, make infrastructure upgrades, and procure advanced capital equipment.
The enacted CHIPS Act established CHIPS for America funds and semiconductor incentives, including appropriations and program authority for facilities and production involving semiconductors, semiconductor materials, and semiconductor manufacturing equipment.
The Senate vote on H.R. 4346 was agreed to 64-33 on July 27, 2022, and the roll call lists Schumer (D-NY) as voting Yea.
Assessments
The evidence shows the promised federal policy outcome was implemented: EXIM expanded the Make More in America Initiative with concrete financing tools for U.S. manufacturers, approved or identified major MMIA-linked financing for domestic manufacturing facilities and critical supply chains, and the broader microelectronics capacity goal was supported by the enacted CHIPS and Science Act. Schumer remained in federal office during the cited 2026 MMIA implementation and had documented legislative participation on CHIPS, so this counts as same-term delivery rather than later unrelated completion.