The bill establishes the Industrial Bank for American Manufacturing within the Treasury, managed by the Secretary of Commerce, to provide financial assistance to U.S. manufacturers. This fund will receive up to $15 billion annually, primarily from 50% of tariffs collected on goods from the People's Republic of China, along with any additional appropriations. Its purpose is to offer direct loans, equity investments, or grants to support the expansion, modernization, and improvement of critical and emerging technologies operations within the United States. Funds are directed towards operations that enhance U.S. economic, technological, or national security, or industrial capacity, particularly in industries identified by supply chain assessments. Individual awards are capped at $500 million, with congressional notification required for amounts exceeding $100 million. Loans have terms up to 25 years, with interest rates reflecting costs and ensuring the protection of U.S. interests, and recipients must enter binding agreements detailing compliance and repayment terms. The authority to obligate funds will terminate 10 years after enactment. To be eligible, manufacturers must certify they have no outstanding tax liabilities, are not involved with prohibited foreign entities, and commit to specific procurement policies. Assistance is conditioned on manufacturers agreeing not to use funds for dividends or share repurchases (with a small business exception), nor to support foreign operations of concern or license assisted technologies outside the U.S. Additionally, recipients must adhere to prevailing wage and apprenticeship requirements and dedicate a portion of the award to employee training and supportive services. The Secretary of Commerce will prioritize awards to manufacturers demonstrating reductions in greenhouse gas intensity, improved production efficiency, location in areas with significant manufacturing job loss, or those impacted by trade injury. Other priorities include commitments to union neutrality, brownfield redevelopment, and sourcing goods and services from the U.S. The bill also mandates annual reports to Congress on the fund's impact and requires a public, searchable website detailing all awards.