S 3486 · 118th Congress · Taxation
Protecting American Advanced Manufacturing Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2023-12-13)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only