HR 6762
Protecting American Advanced Manufacturing Act
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Bill overview
The Protecting American Advanced Manufacturing Act amends tax laws to prevent companies linked to foreign adversaries from receiving the advanced manufacturing production tax credit. Specifically, it defines ‘disqualified entities’ as those owned, controlled, or influenced by governments or entities of foreign adversaries, including through investments, debt arrangements, or contractual agreements. This aims to safeguard U.S. manufacturing and ensure that tax credits are not utilized by companies that could pose a national security risk. The bill takes effect after it is enacted.
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Primary sponsor
Cosponsors
Brad R. Wenstrup
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