118th Congress · HOUSE BILLBILL

H.R. 9338 — To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.

“To amend the Internal Revenue Code of 1986 to restrict the advanced manufacturing production credit with respect to components produced by, or in connection with, foreign entities of concern.”

Taxation

Introduced Aug 9, 2024

Last action Aug 9, 2024

Pipeline · Bill → Law

Step 1

Introduced

Aug 9, 2024

Step 2

Referred

Aug 9, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill disallows the advanced manufacturing production tax credit for components, including battery components, produced by, or in connection with, foreign entities of concern (e.g., terrorist organizations).

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Aug 9, 2024

Introduced in House

Aug 9, 2024

Referred to the House Committee on Ways and Means.