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Boosting US Circuit Board Production: Tax Credits and Grants

This act aims to increase the domestic production of printed circuit boards, which are vital for electronics. It introduces tax credits for companies purchasing US-made boards and a grant program for businesses investing in their manufacturing and research. This initiative seeks to enhance national security and economic competitiveness, fostering job creation and supporting local enterprises.
Key points
Businesses purchasing US-fabricated printed circuit boards can receive a 25% tax credit.
A federal financial assistance program will be established to incentivize investment in US-based circuit board manufacturing and R&D facilities.
Preferences in the assistance program will be given to small businesses, minority-owned, women-owned, and veteran-owned businesses, as well as those investing in workforce training.
Funding will not be provided to entities associated with foreign entities of concern, addressing national security risks.
The act aims to strengthen US independence in the production of critical electronic components.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_HR_3249
Sponsor: Rep. Moore, Blake D. [R-UT-1]
Process start date: 2023-05-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Circuit Boards and Substrates Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3249.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-11.

What are the main provisions?

Key points include:

  • Businesses purchasing US-fabricated printed circuit boards can receive a 25% tax credit.
  • A federal financial assistance program will be established to incentivize investment in US-based circuit board manufacturing and R&D facilities.
  • Preferences in the assistance program will be given to small businesses, minority-owned, women-owned, and veteran-owned businesses, as well as those investing in workforce training.
  • Funding will not be provided to entities associated with foreign entities of concern, addressing national security risks.
  • The act aims to strengthen US independence in the production of critical electronic components.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moore, Blake D. [R-UT-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Innovation, Data, and Commerce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy Public Investments