President Donald Trump has signed an executive order envisioning the establishment of a new office to accelerate investments in the country. An announcement from the White House declared the creation of a new investment office operating under the U.S. Department of Commerce. The statement highlighted that the office would be formed to facilitate and expedite investments exceeding $1 billion. The new office is expected to reduce regulatory burdens to encourage companies to make substantial investments in the U.S., expedite permit processes, coordinate investor issues among different agencies, increase access to national resources, and facilitate collaboration with national laboratories. It was also mentioned that the office would collaborate with state governments and economic development organizations. The announcement further indicated that the office would oversee the CHIPS Program Office initiated during former President Joe Biden’s term to enhance domestic semiconductor production and negotiate more advantageous deals for taxpayers, striving to secure “better deals” than the previous administration. Emphasizing that the office would attract both domestic and foreign investments by streamlining processes, the statement highlighted that it would make the U.S. the most attractive destination for large-scale investments.