Search Results for keywords:"critical supply chains"

Search Results: keywords:"critical supply chains"

H. R. 8504 — To amend the Internal Revenue Code of 1986 to establish the critical supply chains reshoring investment tax credit.
May 22, 2024
Status:Introduced in House
Congress:118
Words:990
The bill H. R. 8504 proposes an amendment to the Internal Revenue Code of 1986 to introduce a tax credit aimed at encouraging the reshoring of critical supply chain facilities back to the United States. This tax credit would cover 40% of the investment made in property that...
Simple Explanation
The bill wants to give a big tax break to companies that build or improve factories in certain parts of the U.S., like Puerto Rico, to make important things, such as medicines and computer chips, so that these items are made closer to home.
H. R. 6571 — An Act To establish a critical supply chain resiliency and crisis response program in the Department of Commerce, and to secure American leadership in deploying emerging technologies, and for other purposes.
May 16, 2024
Status:Referred in Senate
Congress:118
Words:7,327
H. R. 6571, also known as the “Promoting Resilient Supply Chains Act of 2023,” aims to enhance the resilience and innovation of critical supply chains in the United States. It establishes a program within the Department of Commerce to monitor and model these supply chains, identify...
Simple Explanation
H. R. 6571 is a plan to help make sure important things like how we get goods and new inventions, like robots, work better in the U.S. by having a special group keep an eye on how everything is going and make sure everyone works together nicely.

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