JPMorgan Chase on Monday unveiled a sweeping $1.5 trillion, decade-long initiative to strengthen industries vital to America’s economic and national security.

The effort — dubbed the "Security and Resiliency Initiative" — will direct $1.5 trillion toward projects spanning energy, manufacturing and defense. As part of the plan, the financial giant will invest up to $10 billion in direct equity and venture capital to help select U.S.-based companies "enhance their growth, spur innovation and accelerate strategic manufacturing," the company said.

"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security," JPMorgan Chase CEO Ja

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