HR 6443
Securing the National Supply Chain Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Securing the National Supply Chain Act of 2020 aims to boost economic activity in economically distressed areas of the United States. It provides tax credits to businesses and employees located in these zones, including incentives for wages paid, depreciation, and purchases from minority businesses. The bill also establishes a process for states and local governments to designate areas as economically distressed, requiring them to develop comprehensive plans for economic development. Specifically, it offers enhanced tax benefits for manufacturing facilities that relocate from foreign countries to the U.S.
Sponsors
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Primary sponsor
Jenniffer [R-PR-At Large] Rescom. González-Colón
Cosponsors
Donna E. Shalala
John Katko
Peter T. King
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