The bill H.R. 6762, titled the “Protecting American Advanced Manufacturing Act,” proposes changes to the Internal Revenue Code to prevent companies linked to foreign adversaries from getting a tax credit meant for advanced manufacturing. It specifies that companies considered...
Simple Explanation
The bill wants to stop companies that are friends with countries who might not like the U.S. from getting a special money-saving bonus for making things, by checking how much those companies are controlled by those countries.