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Support for Domestic Infant Formula Production

This act aims to boost the availability of domestically produced infant formula by offering tax credits to companies manufacturing it in the U.S. Citizens can anticipate more stable supplies and potentially a wider selection of domestic products, which could enhance food security for families with young children.
Key points
Companies manufacturing infant formula in the U.S. can receive a 30% investment tax credit for new or expanded facilities.
Domestic infant formula producers may receive an additional credit of $2 per pound of formula manufactured and sold in the U.S., up to 18 million pounds annually for 5 years.
Support is primarily directed at smaller companies with global revenues not exceeding $750 million annually, promoting competition and market diversification.
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Expired
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Additional Information
Print number: 118_HR_7744
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2024-03-20
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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

Infant Formula Made in America Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7744.

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 2024-03-20.

What are the main provisions?

Key points include:

  • Companies manufacturing infant formula in the U.S. can receive a 30% investment tax credit for new or expanded facilities.
  • Domestic infant formula producers may receive an additional credit of $2 per pound of formula manufactured and sold in the U.S., up to 18 million pounds annually for 5 years.
  • Support is primarily directed at smaller companies with global revenues not exceeding $750 million annually, promoting competition and market diversification.
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. DeLauro, Rosa L. [D-CT-3].

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 Family Economy