HR 7104 · 117th Congress · Taxation

FABS Act

Introduced 2022-03-16· Sponsored by Rep. McCaul, Michael T. [R-TX-10]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-03-16)

Plain Language Summary

[AI summary unavailable — showing source text] Facilitating American-Built Semiconductors Act or the FABS Act This bill allows a new tax credit through 2032 for investment in any semiconductor manufacturing facility and for semiconductor design expenditures.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

8 Democrats12 Republicans
Rep. Matsui, Doris O. [D-CA-6]CA
Rep. Kelly, Mike [R-PA-16]PA
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Stefanik, Elise M. [R-NY-21]NY
Rep. Kildee, Daniel T. [D-MI-5]MI
Rep. Katko, John [R-NY-24]NY
Rep. Slotkin, Elissa [D-MI-8]MI
Rep. Meijer, Peter [R-MI-3]MI
Rep. Fallon, Pat [R-TX-4]TX
Rep. Trahan, Lori [D-MA-3]MA
Rep. Kinzinger, Adam [R-IL-16]IL
Rep. Khanna, Ro [D-CA-17]CA
Rep. Luria, Elaine G. [D-VA-2]VA
Rep. Garbarino, Andrew R. [R-NY-2]NY
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Waltz, Michael [R-FL-6]FL
Rep. Mullin, Markwayne [R-OK-2]OK
Rep. Brownley, Julia [D-CA-26]CA
Rep. Granger, Kay [R-TX-12]TX
Rep. Carter, John R. [R-TX-31]TX