[Congressional Record Volume 171, Number 113 (Monday, June 30, 2025)]
[Senate]
[Page S4118]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2747. Mr. LEE submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

       At the appropriate place in chapter 5 of subtitle A of 
     title VII, insert the following:

     SEC. 705__. ADDITIONAL PROVISIONS RELATING TO ADVANCED 
                   MANUFACTURING PRODUCTION CREDIT.

       (a) In General.--Section 45X(b)(3), as amended by the 
     preceding provisions of this Act, is amended by striking 
     subparagraphs (B) through (E) and inserting the following:
       ``(B) Phase out percentage.--The phase out percentage 
     (which shall not be less than zero) under this subparagraph 
     is equal to--
       ``(i) in the case of an eligible component produced during 
     calendar year 2025, 75 percent, and
       ``(ii) for any eligible component produced during calendar 
     year 2026 or any subsequent calendar year, the phase out 
     percentage for the preceding calendar year reduced by 10 
     percentage points.
       ``(C) Rounding.--Any credit amount reduced under this 
     paragraph shall be rounded to the nearest cent.
       ``(D) Publication.--The Secretary shall annually publish 
     the credit amount determined under this subsection after the 
     application of this paragraph.''.
       (b) Effective Date.--The amendments made by this section 
     shall apply to eligible components produced after December 
     31, 2024.
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