[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9338 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9338

  To amend the Internal Revenue Code of 1986 to restrict the advanced 
manufacturing production credit with respect to components produced by, 
          or in connection with, foreign entities of concern.


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 9, 2024

Mr. Miller of Ohio introduced the following bill; which was referred to 
                    the Committee on Ways and Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to restrict the advanced 
manufacturing production credit with respect to components produced by, 
          or in connection with, foreign entities of concern.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESTRICTION ON ADVANCED MANUFACTURING PRODUCTION CREDIT WITH 
              RESPECT TO FOREIGN ENTITIES OF CONCERN.

    (a) Credit Not Allowed for Components Produced by Foreign Entities 
of Concern.--Section 45X(d) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new paragraph:
            ``(5) Credit not allowed for components produced by foreign 
        entities of concern.--No credit shall be allowed under this 
        section with respect to any eligible component which is 
        produced by a foreign entity of concern (as defined in section 
        9901(8) of the William M. Mac Thornberry National Defense 
        Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651(8))).''.
    (b) Additional Restrictions With Respect to Qualifying Battery 
Components.--Section 45X(c)(5) of such Code is amended by adding at the 
end the following new subparagraph:
                    ``(C) Prohibition on certain involvement of foreign 
                entities of concern.--The term `qualifying battery 
                component' shall not include any battery component 
                produced using technology designed, developed, 
                manufactured, licensed, or supplied by a foreign entity 
                of concern (as defined in section 9901(8) of the 
                William M. Mac Thornberry National Defense 
                Authorization Act for Fiscal Year 2021 (15 U.S.C. 
                4651(8))).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to components produced and sold after the date of the enactment 
of this Act.
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