President Donald Trump signed an executive order Monday creating the United States Investment Accelerator, a new office aimed at boosting large-scale investments and slashing government red tape.
Housed within the Department of Commerce, the office will target projects exceeding $1 billion and assume control of the CHIPS Act subsidy program, which Trump has repeatedly criticized.
The move is part of what the White House is calling a six-part plan to attract both domestic and foreign investment by streamlining government processes.
The Investment Accelerator will focus on reducing regulatory burdens, speeding up permitting, coordinating across federal agencies, increasing access to national resources, partnering with state governments, and working with national laboratories.
Trump said the initiative is aimed at “supercharging” the flow of private capital into the United States and reaffirming America’s position as the world’s leading destination for business.
Speaking from the Oval Office, the president cited a growing list of corporate investments since returning to office, predicting that the total would soon hit $5 trillion.
As part of the executive order, the CHIPS Program Office—originally created under the CHIPS and Science Act of 2022—will be brought under the control of the Investment Accelerator. That office manages the $52.7 billion in subsidies set aside for semiconductor manufacturing and research.
While the CHIPS Act was passed during the Biden administration with bipartisan support, Trump has publicly slammed the law, calling for lawmakers to repeal it earlier this year.
Despite those criticisms, the White House says Trump’s administration will now use the program to negotiate stronger deals for taxpayers. “We will deliver the benefit of the bargain for taxpayers, negotiating much better CHIPS Act deals than the previous Administration,” the fact sheet stated.
The creation of the Investment Accelerator comes just weeks after Trump signed a separate memorandum promoting foreign investment while protecting national security.
According to the administration, more than $3 trillion in private investments have already been secured during his second term.
The executive order marks a key step in Trump’s broader economic agenda, which focuses on cutting bureaucratic barriers and encouraging companies to build in the United States.
“The Federal Government must no longer be a roadblock to investment,” the White House said.