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Main Subject: Taxation

Protecting American Advanced Manufacturing Act

This bill prohibits companies associated with governments of foreign adversaries from receiving the advanced manufacturing production tax credit. This includes companies that are owned, controlled by, operated by, or under the influence of a foreign adversary, any company whose equity interests are held by a foreign adversary (not less than 10%), or any company that is controlled by a foreign adversary through certain debt, lease, or manufacturing arrangements.

Senate Actions

IntroReferral
Dec. 13 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Dec. 13 2023	Introduced in Senate

Senate bill S3486-118

Protecting American Advanced Manufacturing Act

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