Bill > HR3597

This bill provides incentives for domestic production of printed circuit boards (PCBs) through two main mechanisms: a tax credit and a financial assistance program. The tax credit allows businesses to claim a 25% credit on the cost of purchasing PCBs and integrated circuit substrates manufactured in the United States, which will be part of the general business credit. The financial assistance program, administered by the Secretary of Commerce, will provide federal funding to eligible entities (including businesses, consortiums, and educational institutions) for investing in PCB manufacturing and research facilities in the United States. The program prioritizes small businesses, minority-owned businesses, and entities that expand U.S. production capacity or relocate manufacturing from foreign entities of concern. Applicants must demonstrate a sustainable plan, commitment to workforce training, and alignment with national security needs. The bill includes strict provisions to prevent funds from going to foreign entities of concern and allows for recovery of funds if project milestones are not met or if recipients engage in potentially problematic technology partnerships. The program is authorized $3 billion in funding from fiscal year 2026 through 2065, and will be subject to biennial Government Accountability Office reviews to assess its effectiveness in increasing domestic PCB production and supporting economic competitiveness.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3597/all-info