Safeguarding U.S. Supply Chains Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2871 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2871 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mr. Miller of Ohio introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ 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. SHORT TITLE. This Act may be cited as the ``Safeguarding U.S. Supply Chains Act''. SEC. 2. 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 componen