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Tax Credit Restrictions for Foreign Entity-Involved Manufacturing

This new law aims to restrict tax credits for companies producing components, especially batteries, if they use technology or components from so-called "foreign entities of concern." This means US companies will have fewer incentives to collaborate with such entities, potentially affecting the availability and prices of some products, but it is intended to strengthen domestic supply chain security.
Key points
Companies will not receive tax credits for components produced by "foreign entities of concern."
Battery components will not qualify for credits if their production technology originates from "foreign entities of concern."
The changes aim to reduce US reliance on certain foreign suppliers in key sectors, potentially impacting the job market and domestic investments.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2871
Sponsor: Rep. Miller, Max L. [R-OH-7]
Process start date: 2025-04-10
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Safeguarding U.S. Supply Chains Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2871.

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 2025-04-10.

What are the main provisions?

Key points include:

  • Companies will not receive tax credits for components produced by "foreign entities of concern."
  • Battery components will not qualify for credits if their production technology originates from "foreign entities of concern."
  • The changes aim to reduce US reliance on certain foreign suppliers in key sectors, potentially impacting the job market and domestic investments.
What is the specific legal status?

The current status is Introduced.

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, Max L. [R-OH-7].

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 2025-12-22.

CATEGORIES

Taxes Economy Security