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Protecting US Manufacturing: No Tax Credits for Foreign Adversary-Linked Firms

This bill aims to prevent companies linked to foreign adversaries from receiving advanced manufacturing tax credits in the US. This is intended to protect American industry and jobs, ensuring taxpayer money supports domestic businesses. Citizens may feel an indirect impact through a stronger local economy and national security.
Key points
Companies linked to governments or entities from countries deemed foreign adversaries will not be eligible for US manufacturing tax credits.
The definition of linked companies includes entities controlled by, having equity interests in, or influenced by foreign adversaries.
The goal is to support American production and prevent tax credits from benefiting entities that pose a national security risk.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6762
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2023-12-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting American Advanced Manufacturing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6762.

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 2023-12-13.

What are the main provisions?

Key points include:

  • Companies linked to governments or entities from countries deemed foreign adversaries will not be eligible for US manufacturing tax credits.
  • The definition of linked companies includes entities controlled by, having equity interests in, or influenced by foreign adversaries.
  • The goal is to support American production and prevent tax credits from benefiting entities that pose a national security risk.
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. Miller, Carol D. [R-WV-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

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 Security