Bill · S. 1919· Senate(119-S-1919)

Buying American Cotton Act of 2025

Age: 67 years

Mississippi

Introduced: 5/22/2025
Last activity: 5/22/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Cindy Hyde-Smith
Cosponsors: - 15 - 4

Taxation

Introduced
In Committee

What this bill would do

This bill creates a tax credit called the domestic cotton consumption credit for using cotton grown in the United States. It encourages people to buy American-grown cotton and products made from it by giving a tax break to the sellers. The bill sets up a digital supply chain tracking system to prove the cotton actually originated in the United States. It also gives higher credit amounts if the cotton is processed into yarn or fabric right here in the United States or in certain partner countries. Sellers can even transfer this tax credit to others under specific rules outlined in the tax code.

Yes· 3 of 7

Would farmers be better off under this?+6
Domestic cotton farmers stand to benefit significantly from increased demand and tax credits for their products.
Would business owners be better off under this?+4
The tax credit provides a direct financial incentive for businesses involved in the domestic cotton supply chain.
Would people in rural areas be better off under this?+3
The bill supports the agricultural economy which is central to many rural communities.

The opposite

Does this make trade with other countries easier?-2
The bill prioritizes domestic consumption which could impact existing international trade dynamics.