Trump creates 'investment accelerator' that fast-tracks approval for investments over $1 billion

President Donald Trump on Monday signed an executive order that creates an "investment accelerator," which seeks to facilitate and fast-track the approval of any investment into the United States of over $1 billion.

The order creates a new office within the Department of Commerce that will speed up the approval process for investments, and encourage countries to invest in the U.S. by reducing regulatory burdens, and increasing communication about investor issues across departments.

The new office will also be responsible for administering the CHIPS Program Office, which the White House claims will negotiate "much better CHIPS Act deals than the previous Administration."

"President Trump believes it is in America’s interest that the Federal Government dramatically expand its assistance to companies seeking to invest and build in the United States," the White House said in a fact sheet. "By streamlining processes, the Accelerator will attract both foreign and domestic investment, reinforcing America’s position as the premier destination for large-scale investment."

The White House also touted that the president has already secured more than $3 trillion in private investments so far.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.