Bill · H.R. 2871· House(119-HR-2871)
Safeguarding U.S. Supply Chains Act
- Introduced
- 4/10/2025
- Last activity
- 4/10/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Max Miller
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Safeguarding U.S. Supply Chains Act," seeks to amend the Internal Revenue Code of 1986. It aims to restrict the advanced manufacturing production credit by targeting components produced by or connected to foreign entities of concern. Specifically, it would prevent credits for eligible components produced by these entities. It also adds restrictions regarding qualifying battery components. These changes would apply to components produced and sold after the Act is enacted.
Yes· 3 of 8
Is this likely to create jobs?+5
By restricting foreign entities from receiving tax credits, the bill incentivizes the growth of domestic manufacturing jobs.
Would business owners be better off under this?+4
Domestic manufacturers and business owners in the advanced manufacturing sector stand to benefit from these restrictions.
Would union members be better off under this?+4
The emphasis on domestic manufacturing may bolster job security and opportunities for unionized industrial workers.
The opposite
Does this make trade with other countries easier?-2
The bill creates trade barriers by restricting incentives for components linked to certain foreign entities.
Who it would affect, and how
Potential Positive Impacts for People
-
Restriction on credits for foreign entities of concern: Under Section 2(a), the bill ensures that no credit is allowed for eligible components produced by a foreign entity of concern, which serves to restrict the use of these credits for such entities.
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Restrictions on battery components: Under Section 2(b), the bill prevents battery components from being considered "qualifying" if they were produced using technology that was designed, developed, manufactured, licensed, or supplied by a foreign entity of concern.
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the text provided: The text focuses solely on the restrictions and prohibitions being implemented rather than detailing any resulting burdens or negative consequences.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Increases Job Creation+5Improves Economic Growth+3Reduces Government Spending+2Improves Fiscal Responsibility+1
- Demographic And Interest Groups
- Good For Business Owners+4Good For Union Workers+4
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+3
- Governance And Ideology
- Increases Federal Power+2
- National Security And Foreign Policy
- Improves International Trade-2
- 4/10/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House