The Domestic Bicycle Production Act aims to boost the domestic manufacturing of bicycles and electric bicycles in the United States. It seeks to temporarily modify duty rates for bicycle components, establish a tax credit for electric bicycle production, and create a loan...
Simple Explanation
The Domestic Bicycle Production Act wants to help people in the U.S. make more bikes and electric bikes by changing some rules to save money on parts, giving money rewards to makers, and helping them with cheap loans to build more factories.