Revitalize American Manufacturing and Innovation Act of 2014 - (Sec. 3) Amends the National Institute of Standards and Technology Act to direct the Secretary of Commerce to establish within the National Institute of Standards and Technology (NIST) a Network for Manufacturing Innovation Program to:
Requires the Secretary to establish a network of centers for manufacturing innovation (CMIs), to be known as the Network for Manufacturing Innovation.
Considers to be CMIs the National Additive Manufacturing Innovation Institute and manufacturing centers formally recognized or under pending interagency review; but prohibits them from receiving any preference for financial assistance under this Act solely on that basis.
Allows a manufacturing center substantially similar to a CMI but not receiving such financial assistance to be recognized as a CMI, upon its request, in order to participate in the Network.
Directs the Secretary to award financial assistance to assist a person in planning, establishing, or supporting such CMIs.
Prescribes requirements for awarding assistance, including an open process for soliciting applications and a competitive merit-review selection process.
Discontinues financial assistance seven years after a CMI first receives an award. Specifies federal matching funds requirements. Authorizes the Secretary to give a weighted preference to applicants seeking less than the maximum amount of funding allowed.
Requires the amount of financial assistance to a CMI to decrease after its second year of funding and in each year thereafter, unless the Secretary determines that:
Prohibits financial assistance to more than 15 CMIs in any single year.
Directs the Secretary to establish within NIST the National Office of the Network for Manufacturing Innovation Program to: (1) oversee the Program, (2) develop and periodically update a strategic plan for the Program, (3) establish a clearinghouse of public information related to Program activities, and (4) act as a convener of the Network.
Requires the Secretary to ensure that the Office incorporates the Hollings Manufacturing Extension Partnership into Program planning to ensure that the results of the Program reach small- and medium-sized entities.
Establishes in the Treasury a Network for Manufacturing Innovation Fund for carrying out the Program.
Authorizes appropriations.
Rescinds specified unobligated appropriated discretionary funds available as of enactment of this Act.
Directs the Secretary to merge the Advanced Manufacturing Technology Consortia (AMTech) Program, which has not been previously authorized but has been funded in FY2013-FY2014, into the Network for Manufacturing Innovation Program (NMIP).
Sunsets the authority to provide financial assistance to support or establish CMIs on December 31, 2024. Allows the NMIP and the Network for Manufacturing Innovation to continue to operate, however, subject to the availability of appropriations, if the Secretary determines that specified purposes are being met.
Eliminates the Technology Innovative Program (TIP), except for applications for grants, cooperative agreements, or contracts submitted before enactment of this Act.
Expresses the sense of Congress that the industry-led consortia envisioned under the AMTech Program should participate in the CMIs.
(Sec. 4) Requires the Secretary to: (1) conduct a survey that measures the economic impact of China's rare earth monopoly on the United States and other affected nations and identifies technologies, industries, and defense systems that are now primarily produced in, or are likely to relocate to, China; and (2) report on survey results and on how the United States should initiate direct dialogue with affected nations to assess the economic consequences of such monopoly and related trade practices and promote cooperative resolutions to facilitate partnership structures that will offset imbalances caused by such monopoly.
(Sec. 5) Requires the Under Secretary for International Trade to submit a report to Congress that:
(Sec. 6) Amends the America COMPETES Reauthorization Act of 2010 to revise the Committee on Technology's duties under the National Science and Technology Council.
Directs the Committee to develop and update, in coordination with the National Economic Council, a strategic plan to improve government coordination and provide long-term guidance for federal programs and activities in support of U.S. manufacturing competitiveness, including advanced manufacturing research and development.
Requires the President to submit this plan as well as quadrennial updates to Congress, and publish it on an Internet website accessible to the public.
Directs the Advanced Manufacturing Partnership Steering Committee of the President's Council of Advisors on Science and Technology to provide input, perspective, and recommendations to assist in the development and updates of the strategic plan.